📊 Report #glassnode :

▪️ $BTC recorded its deepest drawdown of the current cycle, trading >26% below ATH. Despite this, the drawdown remains historically small compared to past cycles.

▪️ This price decline resulted in unrealized losses for a significant volume of short-term holders.

▪️ Despite increased financial pressure from short-term holders, the magnitude of recorded losses remains relatively low compared to the size of the market.