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During the peak of this Bear Market 6M BTC were held at loss by long-term holders, that‘s 31% of the whole current Supply. That‘s the pain we endured.

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During the peak of this Bear Market 6M BTC were held at loss by long-term holders, that‘s 31% of the whole current Supply. That‘s the pain we endured.

There are just many ways we could look at our current bear market and through all of these perspectives it will just be clear how painful it must have been even for the most convicted holders. To go through one of the longest and most brutal bear markets, since 2015 was no easy task at all and we can see that:

Chart showing Supply held by long-term holders in losses, from James V.Straten on Twitter

On this chart we can see that pain visualized. 6M BTC, 31% of current circulating supply, were hold by long-term holders in losses, that is the highest amount EVER. Even higher than the 2015 and the 2018 bear market. That is also a whole 1M BTC higher than the peak of 2018 at about 5M BTC. From this perspective, the last bear market truly was the worst bear market there has ever been in Crypto.

But thankfully soon after we saw a recovery starting this year and now “just“ 4M BTC are at loss from long-term holders, probably also helped through a lot of long-term holders buying in low and pulling down their average buy prices. Anyhow, it is truly exceptional how long-term holders could survive such dire circumstances.

Every long-term holder that survived this truly deserved a pat on their back.

submitted by /u/partymsl
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