When the price of Bitcoin hovered around $68,000 on June 4, "0.03 percent" of long-term holders (those who held Bitcoin for more than 155 days) were still "in the red," according to a report published June 4 by cryptocurrency analysis firm Glassnode. This group is mainly made up of people who bought Bitcoin during the 2021 bull cycle, when Bitcoin reached an all-time high of $69,000 in November 2021. Glassnode pointed out that even if the price reached $68,000, the total loss for long-term holders was "negligible," with about 4,900 bitcoins purchased, higher than the current spot price. Short-term holders (those who have held bitcoins for less than 155 days) took on most of the unrealized losses. These people mainly bought in March, when bitcoin reached an all-time high of $73,679 on March 13.