bitcoinholdersc profilja

The IMF Press Center is a password-protected site for working journalists. 1 - 0 of 1 results MicroStrategy’s bitcoin bet, which once helped the stock jump nearly 10-times its value between February 2020 and February 2021, has now dragged it down. The stock’s price fell 72% in the last six months, though it rose 1.5% on June 14 despite the specter of a margin call. In the long run, it seems MicroStrategy’s fate appears more tethered to the caprices of bitcoin, an unregulated and highly volatile alternative currency, than to the company’s core business. On-chain data from Glassnode also reveals that the long-term holders of BTC, who spent or sold their holdings, booked an average loss of 27% last week. The long-term holder spent output profit ratio LTH-SOPR stood at 0.73 on May 29, down by 27% from the break-even point. LTH-SOPR takes into account only spent outputs with a lifespan of at least 155 days and serves as an indicator to assess the behavior of long-term investors.