"Bitcoin (BTC) undergoes 'deepest correction' in 24 months, hitting short-term holders (STHs) with unrealized losses, according to onchain data from Glassnode. Bitcoin price drops more than 16.5% from $63,801 to $63,499. However, Glassnode said this correction is softer than in previous cycles. With the selling, 83% of the supply controlled by STHs has fallen into unrealized losses $58,000 in the next few days, the long-term outlook for Bitcoin price will continue to decline. Currently, Bitcoin is trading at $57,485. Let's discuss the situation!