Violent corrections push Bitcoin from 72,000 to 60,000 impacting investor sentiment, especially retail investors and long-term holders, affecting holdings and triggering concerns about achieving historical gains.
Bitcoin percentage returning to retail dropped to 87.9% from over 89%, holding near lowest levels since mid-2022, affecting number of Bitcoin held by retail and hodlers declining to lowest since last September and mid-2022, respectively.
Increased number of addresses incurring losses after corrections reaching highest levels since last April while decline in retail Bitcoin holdings may relate to the rise in US Bitcoin spot ETF engagement with significant inflows.
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