{"id":98284,"date":"2026-06-04T11:03:06","date_gmt":"2026-06-04T11:03:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98284"},"modified":"2026-06-04T11:03:06","modified_gmt":"2026-06-04T11:03:06","slug":"bitcoin-long-term-holders-lead-1-35-billion-capitulation-glassnode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98284","title":{"rendered":"Bitcoin Long-Term Holders Lead $1.35 Billion Capitulation: Glassnode"},"content":{"rendered":"
\n

Glassnode has highlighted how the latest Bitcoin crash triggered a $1.35 billion capitulation event, with long-term holders contributing the majority.<\/p>\n

Bitcoin Realized Loss Has Witnessed A Spike Recently<\/h2>\n

In its latest weekly report<\/a>, on-chain analytics firm Glassnode has discussed about the loss-taking panic that has accompanied the latest drawdown in the Bitcoin price. The indicator of relevance here is the Realized Loss<\/a>, which measures, as its name suggests, the total amount of loss that BTC investors are realizing through their transactions every day.<\/p>\n

Below is the chart shared by Glassnode that shows the trend in this metric for Bitcoin over the past year.<\/p>\n

\"Bitcoin<\/p>\n

From the graph, it\u2019s visible that the Bitcoin Realized Loss has witnessed a sharp surge alongside the BTC price crash, indicating that investors have panic-exited the market at loss.<\/p>\n

This isn\u2019t anything unusual as capitulation tends to be a feature whenever the price goes down with a steep move; it\u2019s apparent in the chart that the Realized Loss also spiked during the November and February crashes.<\/p>\n

Compared to these two previous capitulation events, however, there are a couple of differences. The first and obvious one is the scale involved: the last two events saw loss-taking of a significantly higher level. This is naturally down to the fact that they involved price drawdowns of a larger degree.<\/p>\n

The other difference is in the holder distribution. The last two capitulation events were dominated by short-term holders (STHs)<\/a>, investors who purchased their coins within the past 155 days.<\/p>\n

These new market entrants also contributed to the latest event, but they didn\u2019t account for the majority of the loss realization. Instead, long-term holders (LTHs)<\/a> were the Bitcoin cohort driving the capitulation this time. These were the investors who bought prior to January 2026, at the highs of the 2025 bull market.<\/p>\n

In total, the latest Realized Loss spike saw the indicator hit a value of $1.35 billion per day. Out of this, LTHs were responsible for $770 million of the daily loss-taking.<\/p>\n

The analytics firm explained:<\/p>\n

\n

As the bear market matures, this pattern of long-term holder capitulation passing supply into new hands at lower prices is a recurring and necessary feature of cycle bottoming processes, though the current pace of loss realization suggests that process remains incomplete.<\/p>\n<\/blockquote>\n

Another metric discussed by Glassnode in the report is the amount of liquidations in the futures market. The price plunge naturally caught out a large number of derivatives market traders, leading to a significant amount of long liquidations.<\/p>\n

\"Bitcoin<\/p>\n

\u201cHistorically, large-scale long liquidations have coincided with local exhaustion points, as forced selling pressure cascades through derivatives markets and clears out weaker hands,\u201d noted the analytics firm.<\/p>\n

BTC Price<\/h2>\n

At the time of writing, Bitcoin is floating around $65,500, down over 12% in the last seven days.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Glassnode has highlighted how the latest Bitcoin crash triggered a $1.35 billion capitulation event, with long-term holders contributing the majority. Bitcoin Realized Loss Has Witnessed A Spike Recently In its latest weekly report, on-chain analytics firm Glassnode has discussed about the loss-taking panic that has accompanied the latest drawdown in the Bitcoin price. The indicator […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98284","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98284"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98284\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}