Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Glassnode’s expert team has shared that last week the largest in history Bitcoin capitulation (valued in the USD) took place from short-term holders.

The net losses realized on-chain totaled a staggering $3,45 billion. Glassnode team points out that this Bitcoin was acquired at a higher price level than the one it was sold at.

As for long-term holders, Glassnode shows that they are in profit and have seen only approximately $383 million in net losses.

Right now, 2.44 percent of the circulating Bitcoin supply is stored in the wallets of long-term holders at an unrealized loss, data shared by the Glassnode analytics platform says.

The panic-sell was caused by the plunge of the Bitcoin price below the $30,000 level last week. However, Bitcoin quickly recaptured the $34,000 price line.