Long-term Bitcoin holders lost $139 million in a single day, while short-term holders remained on the sidelines.

On November 5th, long-term Bitcoin holders who transferred their holdings to trading platforms incurred losses of $139 million. On-chain analyst Murphy pointed out that this figure is second only to those in February and June of this year, reflecting a panic sell-off among long-term holders. Short-term holders have an average cost basis of around $75,000 to $76,000, and the current price is at the break-even point, with most choosing to hold and wait. Affected by the Binance attack at the end of October and the US stock market crash on November 5th, the absolute value of realized losses in the market is at a high level.