Over $850 million in realized losses, with short-term holders bearing the brunt

Fast Take

On Aug. 2, Bitcoin (BTC) was buying and selling round $65,000, however by Aug. 5, it had plummeted to a low of $49,000 earlier than recovering to about $51,000. This drastic fluctuation has led to substantial realized losses, significantly amongst short-term holders (STHs).

Realized Loss by Age: (Source: Glassnode) — Realized Loss by Age: (Supply: Glassnode)

Since Aug. 4, over $850 million in realized losses have been recorded, with the majority of those losses attributed to STHs, who’ve held Bitcoin for lower than 155 days. In distinction, long-term holders (LTHs) have solely realized about $600,000 in losses, highlighting that the current market downturn has primarily impacted newer buyers.

Time	Worth
24h	$101,547,395
1d_1w	$394,421,018
1w_1m	$175,281,805
1m_3m	$101,741,897
3m_6m	$94,699,637
6m_12m	$101,737
1y_2y	$2,497
2y_3y	$295,917
3y_5y	$292,370
5y_7y	–
7y_10y	–
more_10y	–
aggregated	$868,384,273

Analyzing the losses by measurement, it’s evident that the losses span throughout totally different investor cohorts, from these holding roughly 1 BTC to these holding as much as 100,000 BTC. Notably, there was a major spike on Aug. 4, when a whale with a stability of 10k-100ok BTC offered over $100 million in realized losses.

BTC: Realized Loss by Wallet Size: (Source: Glassnode) — BTC: Realized Loss by Pockets Dimension: (Supply: Glassnode)

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