Bitcoin's current price is now below what short-term holders have paid on average over the past 155 days.
Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst.) is now trading below the average purchase price paid by short-term holders, potentially causing “panic” due to unrealized losses, according to an on-chain analyst.
The recent price drop saw Bitcoin hit its lowest level since February — significant for short-term Bitcoin holders, those who have held for under 155 days, as they paid an average price of $59,600 per Bitcoin. Bitcoin’s price briefly plummeted to its lowest price in three months on May 1. Source: CoinMarketCap
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