Bitcoin speculators realize $850M losses in sub-$50K BTC price dump
Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but “diamond hands” contribute just $600,000.
Bitcoin (BTC) long-term holders only sold around $600,000 of BTC during the flash crash to $49,500, data shows.
In one of its recent Quicktake blog posts, onchain analytics platform CryptoQuant revealed a startling contrast between Bitcoin hodler cohorts.
Bitcoin giving up $50,000 during Aug. 5 came as part of mass panic as Asian stock markets unwound months of gains.
