Analysts: Bitcoin Rebounds Near $84,000, Long-Term Holders Realize Nearly $500 Million in Losses

TechFlow reports that on September 26, on-chain analyst Darkfost noted that as Bitcoin advances toward $84,000, some investors holding coins for nine to 18 months, with purchase prices ranging from $63,000 to $125,000, opted to cut their losses and exit positions.

Data indicates that the cohort holding coins for more than nine months realized losses of $246 million, and those holding for over a year realized losses of $233 million, bringing the combined total close to $500 million.

He noted that the transfer of holdings from weak hands to strong hands is more pronounced than in previous bear markets. This process remains ongoing, with Bitcoin currently at a critical turning point.