Glassnode: Bitcoin high position builders "Tied Up" and then turn to long holding, usually marks the confirmation of a Bear Market.

BlockBeats news, on April 19, Glassnode published that the Bitcoin unrealized losses, standardized by the degree of retracement, indicate that short-term holders have endured significant losses in this round of adjustment—this level is comparable to the situation at the beginning of bear markets in past cycles. Bitcoin long-term holders overall remain in profit, but as the Bitcoin purchased at high prices gradually “ages” and enters the long-term holding category, the market’s loss absorption pressure may increase. Historically, this shift often marks the confirmation of a bear market, although a similar market trend has not yet emerged.