Glassnode: Long-term holders have not experienced historical-level BTC stress, this correction far below deep bear market levels

Odaily reports that data released by Glassnode on the X platform shows that the relative unrealized loss of Bitcoin long-term holders (LTH) briefly reached approximately 15% in early April. Compared to historical deep bear market cycles where this indicator exceeded 75%, the impact of this market correction on long-term holders is notably lighter.

The analysis points out that although recent price pullbacks have led to some paper losses, the overall pressure remains far below historical cycle lows, indicating that the current decline has not yet constituted a substantial test of long-term holders' conviction. Structurally, this adjustment leans more towards mid-term volatility rather than a full cyclical capitulation event.