Bitcoin HODLer Pain Surpasses FTX Crash Levels As BTC Drawdown Deepens

Bitcoinist08:42

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin long-term holders are now holding more underwater supply than even ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641819195?lang=en_US&edition=fundamental","thumbnail":"https://bitcoinist.com/wp-content/uploads/2026/06/btc_86538d.png?resize=350%2C250","is_english":true,"pubTime":"2026-06-05 08:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641819195","market":"nz","top_or_hot":-1,"title":"Bitcoin HODLer Pain Surpasses FTX Crash Levels As BTC Drawdown Deepens","media":"Bitcoinist","content":"<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nOn-chain data shows the Bitcoin long-term holders are now holding more underwater supply than even ...</p>\n\n<a href=\"https://bitcoinist.com/bitcoin-hodler-pain-ftx-crash-btc-drawdown/\">Source Link</a>\n\n</div>\n","source":"bitcoinist_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin HODLer Pain Surpasses FTX Crash Levels As BTC Drawdown Deepens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin HODLer Pain Surpasses FTX Crash Levels As BTC Drawdown Deepens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-05 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://bitcoinist.com/bitcoin-hodler-pain-ftx-crash-btc-drawdown/><strong>Bitcoinist</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nOn-chain data shows the Bitcoin long-term holders are now holding more underwater supply than even ...</p>\n\n<a href=\"https://bitcoinist.com/bitcoin-hodler-pain-ftx-crash-btc-drawdown/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTFX","symbol_name":"比特币期货ETF-CoinShares","start_time":0,"source_url":"https://bitcoinist.com/bitcoin-hodler-pain-ftx-crash-btc-drawdown/","article_id":"2641819195","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/06/btc_86538d.png?resize=350%2C250"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/bitcoin-hodler-pain-ftx-crash-btc-drawdown/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2641819195","pubTimestamp":1780620179,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"On-chain data shows the Bitcoin long-term holders are now holding more underwater supply than even the lowest point of the...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTFX":"比特币期货ETF-CoinShares","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BRRR":"比特币ETF-CoinShares","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","GBTC":"比特币ETF-Grayscale","IBIT":"比特币ETF-iShares","BITO":"比特币期货ETF-ProShares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","FBTC":"比特币ETF-Fidelity","MNRS":"GRAYSCALE BITCOIN MINERS ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","BTCO":"比特币ETF-Invesco Galaxy","SBIT":"2倍做空比特币期货ETF-Proshares","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","YBTC":"比特币看涨期权ETF-Roundhill","ARKB":"比特币ETF-21Shares","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","BTRN":"比特币期货ETF-Global X","BCCC":"Global X Bitcoin Covered Call ETF","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BITU":"2倍做多比特币期货ETF-Proshares","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BTCW":"比特币ETF-Wisdom Tree","HODL":"比特币ETF-VanEck","MAXI":"比特币期货ETF-Simplify","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITX":"2倍比特币期货ETF-Volatility Shares","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BITI":"1倍做空比特币期货ETF-Proshares","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","BITB":"比特币ETF-Bitwise","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BTC":"Grayscale Bitcoin Mini Trust","DEFI":"比特币期货ETF-Hashdex","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","BTCC":"Grayscale Bitcoin Covered Call ETF","BETH":"比特币&以太币期货ETF-ProShares","BPI":"Grayscale Bitcoin Premium Income ETF","BTF":"比特币&以太币期货ETF-CoinShares","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","BTCI":"NEOS Bitcoin High Income ETF"},"translate_title":"随着BTC回撤加深，比特币·霍德勒的痛苦超过了FTX崩盘水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPI":0.6,"BCCC":0.6,"HODL":0.6,"BETE":0.6,"BITO":0.6,"BFAP":0.6,"CBXO":0.6,"CBXY":0.6,"XBTY":0.6,"BITX":0.6,"GBTC":0.6,"CBXA":0.6,"FBTC":0.6,"BITY":0.6,"CBXJ":0.6,"BTCC":0.6,"YBTC":0.6,"BTCL":0.6,"BTCW":0.6,"BTCI":0.6,"BTFX":0.6,"BTRN":0.6,"ARKB":0.6,"QBF":0.6,"BITB":0.6,"BTF":0.6,"CBTO":0.6,"BITI":0.6,"CBOY":0.6,"BETH":0.6,"CBTY":0.6,"BTCZ":0.6,"BRRR":0.6,"CBTA":0.6,"SBIT":0.6,"MAXI":0.6,"CBTJ":0.6,"CBOA":0.6,"CBOO":0.6,"CBOJ":0.6,"BITU":0.6,"BAGY":0.6,"BTC":0.6,"BTCO":0.6,"IBIT":0.6,"DEFI":0.6,"BFJL":0.6,"MNRS":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nOn-chain data shows the Bitcoin long-term holders are now holding more underwater supply than even the lowest point of the 2022 bear market.\nBitcoin Long-Term Holders In Deepest Pain Since COVID Crash\nAs highlighted by Glassnode lead research analyst CryptoVizArt in an X post, the Bitcoin long-term holders have seen a spike in loss supply following the latest price crash.\n\n\n\n\n\n\nRelated Reading: Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data\n“Long-term holders” (LTHs) refer to the BTC investors who have been holding onto their coins for a period longer than 155 days. These holders make up for one of the two main divisions of the network done on the basis of holding time. The other side, containing investors who purchased within the past five months, is known as the short-term holders (STHs).\nStatistically, the longer investors keep their coins dormant, the less likely they become to sell them in the future. As such, LTHs with their relatively long holding time are considered to include the resolute hands of the market.\nCurrently, the 155-day cutoff for the LTH group puts their buying point before January. BTC traded above the latest spot price throughout 2024, so a notable amount of the cohort’s members would be underwater right now.\n\n\n\n\n\n\n\n\n\n\n\n\nBelow is the chart shared by CryptoVizArt that shows the exact amount of supply that’s being held in loss by the Bitcoin LTHs.\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe value of the metric appears to have shot up in recent days | Source: @CryptoVizArt on X\nAs is visible in the graph, the amount of Bitcoin LTH supply being held at some net unrealized loss rose as the cryptocurrency’s price observed a bearish shift in Q4 2025. Another particularly sharp surge in the metric came this year alongside the February price crash, which took its value near the highs from the 2022 bear market.\nNow, the latest price crash has induced further expansion in the indicator, with LTHs carrying 5.3 million BTC at a loss. From the chart, it’s apparent that this level is higher than the peak registered at the lows that followed the FTX crash.\nIn fact, this value is higher than other bear markets as well. The only period that saw the loss supply of the LTHs exceed this level was the crash caused by COVID-19 in March 2020.\nIn the past, extreme readings in the metric have usually coincided with market lows and reversals in its value have led into a change of trend. “The scale of underwater LTH supply suggests the resolution process is still in progress,” noted the analyst.\nRelated Reading: Bitcoin Long-Term Holders Lead $1.35 Billion Capitulation: Glassnode\nIt now remains to be seen whether the Bitcoin LTH loss will reach even higher heights in this cycle or if a turnaround will follow next.\nBTC Price\nAt the time of writing, Bitcoin is trading around $64,000, down more than 13% over the past week.\n\nThe trend in the price of the coin over the past five days | Source: BTCUSDT on TradingView\nFeatured image from Dall-E, chart from TradingView.com\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641819195","isCrawlerRequest":true}