Bitcoin Long-Term Holders' Loss is Approaching Bear Market Peak

BlockBeats News, May 20th, on-chain analyst Darkfost posted that the Supply Held by Long-Term Bitcoin Holders (LTH) at a Loss has reached 5.7 million BTC, on par with previous bear market peaks of 5.96 million in 2015, 5.8 million in 2019, and 6.8 million in 2022.

Nevertheless, the current BTC price has dropped by about 52% from its all-time high, much lower than previous bear market downturns. This indicates that the losses are mainly concentrated in the younger LTH group, possibly due to heavy trading in the $80,000-$125,000 range.