Glassnode: The deepest retracement of Bitcoin’s current cycle is still shallower than in past cycles

CoinVoice recently learned that Glassnode released a report saying that Bitcoin recorded the deepest drop in the current cycle, trading more than -26% below the ATH. Despite this, the retracement is still historically shallow compared to past cycles.

This price contraction has left a large amount of short-term holder supply trapped in unrealized losses, with over 2.8 million BTC now underwater based on their on-chain acquisition price. While the financial pressure on short-term holders has increased, the size of the locked losses remains relatively modest compared to the size of the market. [Original link]