Over $850 million in realized losses, with short-term holders bearing the brunt

Quick Take
On Aug. 2, Bitcoin (BTC) was trading around $65,000, but by Aug. 5, it had plummeted to a low of $49,000 before recovering to about $51,000. This drastic fluctuation has led to substantial realized losses, particularly among short-term holders (STHs).
Realized Loss by Age: (Source: Glassnode)
Since Aug. 4, over $850 million in realized losses have been recorded, with the bulk of these losses attributed to STHs, who have held Bitcoin for less than 155 days. In contrast, long-term holders (LTHs) have only realized about $600,000 in losses, highlighting that the recent market downturn has primarily impacted newer investors.

Time
Value

24h
$101,547,395

1d_1w
$394,421,018

1w_1m
$175,281,805

1m_3m
$101,741,897

3m_6m
$94,699,637

6m_12m
$101,737

1y_2y
$2,497

2y_3y
$295,917

3y_5y
$292,370

5y_7y
–

7y_10y
–

more_10y
–

aggregated
$868,384,273

 
Analyzing the losses by size, it is evident that the losses span across different investor cohorts, from those holding approximately 1 BTC to those holding up to 100,000 BTC. Notably, there was a significant spike on Aug. 4, when a whale with a balance of 10k-100k BTC sold over $100 million in realized losses.
BTC: Realized Loss by Wallet Size: (Source: Glassnode)
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