Some people bear the losses, some people wait for confirmation, but the market never waits for others
Glassnode data shows that short-term holders have already lost money during this wave of adjustment, and the loss range is comparable to the early stages of a bear market in history.
Long-term holders are still profitable overall, but the problem is: those coins that take over at high levels are gradually "aging" - once they are classified as long-term holding, the overall loss pressure will quietly accumulate.
Every round of bear market confirmation often starts with the silent game of "who will take over the losses".
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