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$BTC Bitcoin’s latest pullback looked rough, but long-term holders still haven’t shown real panic.
According to Glassnode, unrealized losses for long-term holders only reached around 15% in this correction.
That’s nowhere near the 75%+ levels seen during past bear market bottoms, where true capitulation usually kicks in.
It suggests this drop hasn’t shaken conviction the way previous cycles did.
For now, most long-term holders are staying put instead of rushing to sell — a sign this cycle may still have stronger hands behind it.