Short-Term Holders Face Significant Losses, Reports Glassnode

According to BlockBeats, Glassnode's analysis reveals a substantial increase in actual losses for short-term holders, with the 7-day moving average reaching $427 million per day. This marks the highest level since November 2022. The analysis indicates that panic selling has peaked and intensified, surpassing the loss levels observed during the previous two major lows of the current cycle.