Majority of Public Bitcoin Treasuries Now Underwater Amid Price Drop
According to a recent report by blockchain analytics firm Glassnode, approximately 80% of public Bitcoin treasuries are currently underwater as the price of bitcoin (BTC-USD) has fallen below previous highs. The analysis highlights that many large holders—often referred to as 'whales' or institutional investors—are sitting on significant losses due to a roughly 50% decline in BTC's value since late last year. The drop in Bitcoin’s spot price reflects broader market volatility and growing concerns over macroeconomic conditions, regulatory scrutiny, and reduced investor confidence. This trend has implications for both retail and institutional participants who had accumulated large positions during the previous bull cycle.
Topics: Bitcoin Price Movement Treasury Value