Bitcoin (BTC) Market 'Purged' of Speculators as Liquidations Reach $365 Million, New Research Says

BTC 가격 폭락으로 인해 단기 보유자(STH)가 항복하고 8억 5천만 달러 상당의 BTC를 손실로 판매하여 FTX 붕괴를 반영했습니다.

(Blockworks) — 비트코인(BTC)이 일주일간 가격 하락이 단기 보유자들의 대규모 매도세로 이어지면서 60,000달러 수준을 회복하려는 시도에서 또 다른 장애물에 직면했습니다.

암호화폐는 목요일에 49,500달러로 최저치로 떨어져 3월 이후 최저 가격을 기록했습니다. 보도 시점 현재 BTC는 지난 24시간 동안 1.1% 상승한 57,229달러에 거래되고 있습니다.

According to crypto analytics firm Glassnode, the sell-off was largely driven by a record虧損realization by short-term holders, which resulted in a “statistically significant capitulation.”

The firm defines short-term holders (STHs) as those hodling a given unit of BTC for 155 days or less, while their counterparts, the long-term holders (LTHs), hodl for more than 155 days.

STHs tend to be far more sensitive to market shocks than LTHs, and this week’s trip to $49,500 was no exception.

“Short-Term Holders are currently holding the largest unrealized loss since the FTX implosion, which again highlights a point of serious investor stress imposed by current market conditions,” Glassnode wrote in its latest newsletter.

Just 7% of STH holdings are currently in profit, a number that echoes the BTC price dip below $30,000 that began a year ago.

“This is also more than -1 standard deviation below the long-term average for this metric, and suggests a notable degree of financial stress amongst recent buyers,” the research adds.

Glassnode also confirmed that STHs are “dominating” on-chain losses, with only 3% being attributed to the LTH cohort.

Various other metrics provided similar insights into the speculator wipeout, with the research characterizing the broader market reaction to the price declines as “one of panic and fear.”

The STH spent output profit ratio (SOPR) metric, for instance, hit lows that have only been surpassed on 70 days in Bitcoin's history.

“Short-Term Holder SOPR has also reached staggering depths, as new investors locked in a -10% loss on average,” The Week Onchain noted.

CryptoSlate recently reported that on-chain虧損 analysis by CryptoQuant also pointed to BTC prices being ripe for a potential buying opportunity.

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