Despite Bitcoin's (BTC) deepest correction in the current price cycle, long-term holders are holding firm, according to crypto analytics firm Glassnode. The firm's latest newsletter highlights the resilience of Bitcoin's "diamond hands", who have remained steadfast even as BTC/USD hit four-month lows of $53,500. The report shows that recent loss-taking events account for less than 36% of total capital flows across the Bitcoin network, compared to major capitulation events where losses accounted for over 60% of capital flows. Short-term holders, however, are feeling the pinch as profit margins flip negative.