{"id":369474,"date":"2021-11-19T16:25:00","date_gmt":"2021-11-19T13:25:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fear-returns-to-bitcoin-while-long-term-holders-own-just-3-of-btc-unrealized-losses\/"},"modified":"2021-11-19T16:25:00","modified_gmt":"2021-11-19T13:25:00","slug":"fear-returns-to-bitcoin-while-long-term-holders-own-just-3-of-btc-unrealized-losses","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fear-returns-to-bitcoin-while-long-term-holders-own-just-3-of-btc-unrealized-losses\/","title":{"rendered":"# \u2018Fear\u2019 returns to Bitcoin, while long-term holders own just 3% of BTC unrealized losses"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41041330c4e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41041330c4e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fear-returns-to-bitcoin-while-long-term-holders-own-just-3-of-btc-unrealized-losses\/#From_%E2%80%9Cgreed%E2%80%9D_to_%E2%80%9Cfear%E2%80%9D_in_two_days\" >From \u201cgreed\u201d to \u201cfear\u201d in two days<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fear-returns-to-bitcoin-while-long-term-holders-own-just-3-of-btc-unrealized-losses\/#Old_hands_stand_firm\" >Old hands stand firm<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># \u2018Fear\u2019 returns to Bitcoin, while long-term holders own just 3% of BTC unrealized losses <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) diving nearly 20% from all-time highs has finally taken its toll on market sentiment \u2014 investors are now \u201cafraid.\u201d<\/p>\n<p>According to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Crypto Fear &amp; Greed Index<\/a>, overnight losses on Nov. 19 removed the last traces of \u201cgreed\u201d away from traders\u2019 minds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"From_%E2%80%9Cgreed%E2%80%9D_to_%E2%80%9Cfear%E2%80%9D_in_two_days\"><\/span>From \u201cgreed\u201d to \u201cfear\u201d in two days<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As BTC price action headed lower this week, sentiment played catch-up as spot price contrasted with still bullish signals from markets.<\/p>\n<p>Derivatives traders were \u2014 and to an extent still are \u2014 in a phase of exuberance, with some still betting on a dramatic price rebound in the short term.<\/p>\n<p>Overall sentiment, as measured by the Crypto Fear &amp; Greed Index, has now changed to correspond to spot more closely.<\/p>\n<p>At the time of writing, the Index measured just 34\/100 \u2014 characterizing \u201cfear\u201d \u2014 having dived a full 20 points overnight.<\/p>\n<p>The sharp fall contrasts strongly with behavior for much of the past two months, where the Index lingered in \u201cgreed\u201d territory around the low 70s.<\/p>\n<p>As such, investors are now at their most fearful since the end of September, just before Bitcoin began its surge to recent all-time highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/5e48b4c1-07c4-4abb-bce4-437c76306399.png\"><figcaption style=\"text-align: center;\"><em>Crypto Fear &amp; Greed Index. Source: Alternative.me<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Old_hands_stand_firm\"><\/span>Old hands stand firm<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some investors may be more fearful than others.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin clings to $56K as whales keep buying \u2014 Watch these BTC price levels<\/em><\/strong><\/p>\n<p>As Cointelegraph noted, whales have been accumulating even as prices continued to drop, while a clear difference between old and new hodlers is also visible.<\/p>\n<p>This is underscored by figures showing the overall percentage of the BTC supply currently not in profit.\u00a0<\/p>\n<p>As noted by on-chain analytics firm Glassnode, long-term holders (LTH) have engaged in minimal selling recently, and hold just 3% of the supply, which is currently not in profit.<\/p>\n<p>Short-term holders (STH) \u2014 coins that have moved in the past 155 days \u2014 have taken the brunt of the sell-off.<\/p>\n<p>\u201cSTHs who bought the top currently hold the majority of all BTC at an unrealised loss,\u201d Glassnode <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1461587185514135555\">wrote<\/a> in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> comments Friday.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/44c9498d-9fac-4bc5-a064-49e408deae3c.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin long- and short-term holder supply in profit\/loss annotated chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fear-returns-to-bitcoin-while-long-term-holders-own-just-3-of-btc-unrealized-losses\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018Fear\u2019 returns to Bitcoin, while long-term holders own just 3% of BTC unrealized losses &#8221; Bitcoin (BTC) diving nearly 20% from all-time highs has finally taken its toll on market sentiment \u2014 investors are now \u201cafraid.\u201d According to the Crypto Fear &amp; Greed Index, overnight losses on Nov. 19 removed the last traces of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":369475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYzk0ZDJlOTUtYjljZi00NDk0LThmOTItZGEzNGMxYzFkZjgxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73711,73785],"class_list":["post-369474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-investments","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/369474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=369474"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/369474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/369475"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=369474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=369474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=369474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}