{"id":1592658,"date":"2022-07-24T16:48:13","date_gmt":"2022-07-24T20:48:13","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/?post_type=station&#038;p=1592658"},"modified":"2022-07-25T11:50:14","modified_gmt":"2022-07-25T15:50:14","slug":"btc-long-term-holders-are-currently-underwater-with-an-average-loss-of-14","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/btc-long-term-holders-are-currently-underwater-with-an-average-loss-of-14\/","title":{"rendered":"BTC Long-Term Holders Are Currently Underwater, With An Average Loss Of 14%"},"content":{"rendered":"<div class=\"td-post-featured-image\"><a href=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2022\/07\/Over-2B-Worth-Of-Bitcoin-Leaves-Exchanges-In-Days-As-HODLers-Stick-With-BTC-Through-Thick-and-Thin.jpg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"700\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2022\/07\/Over-2B-Worth-Of-Bitcoin-Leaves-Exchanges-In-Days-As-HODLers-Stick-With-BTC-Through-Thick-and-Thin.jpg\" alt=\"Over $2B Worth Of Bitcoin Leaves Exchanges In Days As HODLers Stick With BTC Through Thick and Thin\" title=\"Over $2B Worth Of Bitcoin Leaves Exchanges In Days As HODLers Stick With BTC Through Thick and Thin\" \/><\/a><\/div>\n<div class=\"td-a-rec td-a-rec-id-content_top  tdi_3 td_block_template_5\">\n<span class=\"td-adspot-title\">Advertisement<\/span><\/p>\n<p>&amp;nbsp<\/p>\n<p>&amp;nbsp<\/p><\/div>\n<p>Amidst the steadfast Crypto Winter that has pumped an enormous amount of FUD into the crypto space, market indicators have not looked very favorable in recent times. In what appears to be the latest in a long line of inauspicious pointers, long-term holders of BTC are currently feeling the heat brought by the bear market, as they record an aggregate loss of 14%.<\/p>\n<h2 id=\"h-the-lth-sopr-shows-lths-have-an-average-loss-of-33\"><strong>The LTH-SOPR shows LTHs have an average loss of 33%<\/strong><\/h2>\n<p>The Long-Term Holder (LTH) Cost Basis is an indicator that shows the average price at which long-term holders of an asset purchased it. On this basis, if the asset\u2019s price movement drops below the LTH Cost Basis, it indicates that the holders are currently suffering a loss.&nbsp;<\/p>\n<p>The long-term holders of BTC are racking in an unrealized loss of 14% with an LTH Cost Basis value of 0.86, as the asset price sinked below expected levels. The last time BTC holders suffered a similar fate was in the 2019 bear market that lasted for over 19 weeks. At that point, long-term holders saw a 36% loss in their BTC holdings, as the LTH Cost Basis reached a low value of 0.64.<\/p>\n<p>Additionally, the Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) indicates the proportion of profit made by long-term holders. Values below one are usually considered losses. The current value is 0.67, which suggests that LTHs are spending their BTCs at values below the price at which they procured them, averaging -33%.<\/p>\n<h2><strong>Miners are not particularly having a field day, either<\/strong><\/h2>\n<p>After the crypto markets saw the purging of \u201cBTC Tourists\u201d from the space, leaving mostly diamond hands in the scene, the latter appears to be in a bit of a fix. In what could be interpreted as an addition to the woes of the BTC market, miners\u2019 revenues also seem to be dwindling over time.<\/p>\n<div class=\"td-a-rec td-a-rec-id-content_inline  tdi_2 td_block_template_5\">\n<span class=\"td-adspot-title\">Advertisement<\/span><\/p>\n<p>&amp;nbsp<\/p>\n<p>&amp;nbsp<\/p><\/div>\n<p>As seen on a chart by Bytetree, over the past seven days, Bitcoin miners\u2019 revenue has seen a dip of 1.34%. This is especially caused by the declining hashrate, which plummeted by 7.71% to a value of 5.7 blocks per hour from the 6.18 blocks per hour witnessed seven days ago.<\/p>\n","protected":false},"author":1,"featured_media":1592660,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3634,5811,3884,14560,6428,3888,14557,4150,14559,5019,3767,5107,4158,4302,3837,3646,4089,4479,14576,7457,14558,8453,12764,9642,14556,8593,14575,7894,14555,15099],"artist":[8475],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/1592658"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/1592660"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=1592658"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=1592658"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=1592658"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=1592658"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=1592658"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=1592658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}