Glassnode: Long-term holders not experiencing historical BTC stress, this pullback far below deep bear market levels

Odaily reported that Glassnode released data on platform X showing 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 milder.

Analysis indicates that although recent price declines have resulted in certain paper losses, the overall pressure remains far below historical cycle lows, suggesting that the current downturn has not yet constituted a substantive test to the conviction of long-term holders. Structurally, this adjustment leans more towards mid-term volatility rather than a full-fledged cyclical capitulation event.