NEWSLETTER
The data in the chain show that the short -term bitcoin headlines have recently participated in the largest losses event of the current cycle.
The short -term holder of bitcoin made the loss of the loss has reached high levels recently
In its latest weekly report, the chain analysis company Glass node He has talked about how the situation of the short -term bitcoin holders has changed after the recession of the market.
The “short -term headlines” (STHS) refer to btc investors who bought their coins in the last 155 days. This cohort includes new market participants, who do not tend to be too resolved. As such, it is not uncommon to see the group participate in a panic sale, provided that some type of volatility in the market arises.
The recent price decrease has been one of those moments. First, here is a shared frame by the analysis firm that shows how the unrealized relative loss of the STHS has been developed during this event:
<img data-recalc-dims="1" decoding="async" class="alignnone aligncenter" src="https://technicalterrence.com/wp-content/uploads/2025/03/Bitcoin39s-short-term-headlines-show-the-largest-capitulation-of-the.png" alt="bitcoin Sth Loss Unrealized” width=”2000″ height=”1125″/>
Looks like the value of the metric has observed a spike in recent days | Source: Glassnode's The Week Onchain - Week 11, 2025
The “unrealized loss” measures, as its name suggests, the total amount of loss to which the STH cling. The 'relative' in the name of the indicator refers to the fact that this loss has been normalized according to the market limit.
As is visible in the graph, the relative loss of bitcoin Sth not carried out has recently observed a significant increase and has reached the upper threshold for losses recorded in the Alcista markets historically (the red line).
However, Glassnode points out, “despite these high paper losses, financial damage with new investors remains in line with Yen-Carry-Trade relaxed on August 5, 2024”.
While an investor is still sitting in his loss, it is not done, but once they decide to make a transaction that involves submarine tokens, it is said that the loss is “made.”
Since a part of the group has been pushed underwater in the last accident, it would be expected that the members of the same mentality would have capitulated with some loss. Here is another painting, this time for the loss that STHS have really realized:
<img data-recalc-dims="1" loading="lazy" decoding="async" class="alignnone aligncenter" src="https://technicalterrence.com/wp-content/uploads/2025/03/1742479747_252_Bitcoin39s-short-term-headlines-show-the-largest-capitulation-of-the.png" alt="bitcoin Sth loss made” width=”2000″ height=”1125″/>
The trend in the STH Realized Loss over the last few years | Source: Glassnode's The Week Onchain - Week 11, 2025
As shown in the previous graph, the 30 -day sum of the loss made by bitcoin Sth has reached the recently $ 7 billion brand, which is the highest value witnessed in the current cycle so far.
However, it is also evident of the table that, although these losses are considerable by themselves, the same is not the case when stacked against the main capitulation events of the previous cycle.
In the losses event that followed the sale of May 2021, the value of the indicator reached $ 19.8 billion. Similarly, it reached a maximum of $ 20.7 billion during the 2022 bears market. Both are clearly much larger on a scale than the last capitulation.
btc price
At the time of writing, bitcoin is floating around $ 85,000, almost 4% in the last 24 hours.
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Looks like the price of the coin has been marching up over the past day | Source: BTCUSDT on TradingView
Outstanding image of Dall-E, Glassnode.com, TrainingView.com Graph
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