Darkfost2025-12-01

BTC on-chain traders hits record pain zone of this cycle

With a realized price of $113,692, the BTC on-chain trader cohorts is experiencing their largest percentage loss of this cycle. Here we are talking only about the spot market. The idea is to isolate a very specific group of investors who speculate over the short term. On chain traders are investors who held BTC between 1 month and 3 month. It has now been two weeks that this category of investors has been realizing losses ranging from 20% to 25%, which clearly reflects capitulation behavior. During this cycle, these phases have often been associated with the formation of a bottom, because these traders generally end up choosing between two behaviors : selling or holding. Once a large portion of them has capitulated, as we have seen in recent weeks, that is usually when the opportunity to accumulate becomes interesting. However, this only holds true if the long term bullish trend remains intact. For now this still appears to be the case despite the current period of uncertainty, but it is important to remain cautious and vigilant at this stage.