The Breakdown cover image

Glassnode's James Check on the Peak Capitulation Event That Flushed Out the Final Bitcoin Top Buyers

The Breakdown

00:00

The Long-Term Holder Game

There's a reset event that always happens at which everything compresses to the similar spot. The short-termers have become long-termers by no conviction of their own necessarily, just desperately hoping that things change. This is the point at which they no longer can play the long-term holder game. If you recently acquired your coin, if the price drops like it did in May 2021 by 50%, suddenly you're under water by 50%.

Play episode from 07:24
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app