Bitcoin's drop below $60,000 resulted in $537 million in realized losses, primarily from short-term holders

ChainCatcher news, according to CryptoSlate, last weekend, Bitcoin plummeted below $60,000, resulting in over $537 million in realized losses, primarily from short-term holders (STH).

This sell-off highlights the volatility and reactive behavior of these market participants, with $441 million of the losses coming from users who held Bitcoin for one month or less. As the market fluctuates, key on-chain metrics show a sharp decline in the proportion of STH supply that is in profit.