Here’s Who Lost the Most in Bitcoin’s Latest Crash

Bitcoin’s latest market downturn has hit recent buyers the hardest, with over $2.16 billion in realized losses between February 25 and 27, according to Glassnode.

Data reveals that short-term holders, particularly those who bought within the past week, accounted for the largest capitulations.

Investors holding Bitcoin for just one day to one week suffered the most, realizing $927 million in losses—42.85% of the total from short-term cohorts.

Those who held between one week and one month lost $678 million, while the one-month to three-month cohort saw $257 million in realized losses. Meanwhile, the 24-hour group recorded $322 million in exits.

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Long-term holders, however, remained largely unfazed. Investors who had held Bitcoin for three to six months only saw $6.5 million in realized losses, and those holding for six to twelve months lost just $3.2 million.

This suggests that Bitcoin holders from the second half of 2024 or earlier are maintaining their positions, while newer entrants are selling under pressure.

February 26 marked the most significant single-day sell-off in recent months, with $1.13 billion in Bitcoin losses. In comparison, February 3 saw $848 million in realized losses, while August 6 and July 5 recorded $2.02 billion and $1.3 billion, respectively.

Despite the severity of the latest downturn, long-term investors appear to be holding firm, while recent buyers bear the brunt of the crash.

Alexander Stefanov