Crypto Analytics Firm Glassnode Says Nearly Half of Bitcoin (BTC) Holders at a Loss, Evaluates ETH and USDT

Market intelligence company Glassnode is valuing three crypto assets as the market is about to end the week with a positive attitude.

In the latest analysis, Glassnode To tell Almost half of Bitcoin (BTC) in non-exchange wallets is exposed to unrealized losses.

According to Glassnode, nearly 60% of these owners are considered long-term owners, reflecting the last two surrender events.

Bitcoin supply accounted for 48.1% of all coins held outside the exchange.

Almost 60% of these BTC losses are held by long-term holders (28.6% of the total).

Both indicators are at similar levels to the yield stages of November-December 2018 and March 2020. “

Bitcoin is trading at $ 21,705 today, up 5.19% in the last 24 hours.

Moved to the analysis company Ethereum (ETH) Observe Most ETH 2.0 stackers are in the red as ETH has collapsed by more than 75% since November 2021 and tokens bet remain locked until the next Shanghai hard fork is completed. increase.

“Ethereum 2.0 stackers have deposited more than 12.98 million ETH, 62% of which has flowed in by November. [all-time high]..

However, only 17% of the bet ETH is currently profitable as the price of ETH collapses above 78% and coins cannot be withdrawn. “

Ethereum is changing hands for $ 1,221 at the time of writing.

Next Glass node analysis The changing landscape of Stablecoin. The US dollar peg tether (USDT) dominated the niche until two years ago, after which its popularity dropped by nearly 50%.

Office highlight Three other stablecoins that have gained market share, including 38.1% US Dollar Coin (USDC), 12.0% Binance USD (BUSD) and 4.7% Dai (DAI).

“Over the last two years, tether’s dominance has declined significantly.

USDT has fallen from 88.3% of the stablecoin market to 45.2% today and is now less than half of the market.

Over the same two years, USDC’s dominance has grown 4.2x, BUSD 7.5x and DAI 3.9x. “

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