Glassnode analyzed in an article on the X platform that compared to previous large-scale Bitcoin sell offs since the beginning of the year, losses are now spreading to cryptocurrencies that were bought and held earlier, especially those held for 3 to 6 months. The proportion of losses incurred by these mid-term holders increased from 0.8% on February 27th to 19.4% on April 7th, indicating that the scope of the 'surrender wave' has surpassed that of short-term holders.