Glassnode: Bitcoin high-level position holders are "trapped" and then turn to long-term holding, which usually marks the confirmation of a bear market

Odaily Planet Daily News Glassnode published an article on the X platform stating that the data on Bitcoin's unrealized losses normalized by the retracement range shows that short-term holders have suffered considerable losses in this round of adjustments - a level comparable to the early stages of bear markets in past cycles. Bitcoin long-term holders are still profitable overall, but as Bitcoin bought at high prices gradually "ages" and enters the ranks of long-term holders, the market's loss-absorbing pressure may increase. Historically, this shift often marks the confirmation of a bear market, although a similar market trend has not yet appeared.