Bitcoin Short-Term Holder Whales Face $6.9 Billion Unrealized Loss

Recent on-chain data indicates that short-term Bitcoin whales, those who purchased over 1,000 BTC within the last 155 days, are experiencing significant unrealized losses due to recent bearish market trends.

  • The short-term holder (STH) whales are currently holding approximately $6.95 billion in unrealized losses.
  • This is the largest unrealized loss for this group since October 2023.
  • These STH whales now control around 45% of the total whale Realized Cap, a record high.

The Realized Cap measures the capital invested in Bitcoin, and the current pressure suggests that big-money investors are under strain as they hold their assets at a net loss.

Additionally, long-term holders have offloaded 337,300 BTC in the past month, contributing to the pressure on the STH whales.

Currently, Bitcoin is trading at approximately $111,000, showing a decrease of 1.7% over the last week.