The unrealized loss on 108.3k BTC hits a new high; will retail investors cut losses or hold on? I think on-chain data is more honest than candlestick charts.

BTC1.14%
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CoinNetwork
CoinJie Net News, according to Glassnode data, as Bitcoin’s price falls to $59,100, nearly 108.3k BTC are now in a loss position, reaching the highest level in history. Currently, long-term holders hold about 14.8 million BTC, representing about 75% of circulating supply, of which 37% of the BTC are in a loss position.
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