The last-remaining Bitcoin long-term holders with unrealized losses have now flipped back into profit again as Bitcoin’s price broke above its November 2021 all-time high.

When Bitcoin’s price was hovering around $68.000 on June 4, “0.03” of long-term holders – those who have held Bitcoin for over 155 days – were still in a “position of loss,” according to a June 4 report published by crypto analysis firm Glassnode.

This group mainly consisted of those who purchased Bitcoin during the 2021 bull cycle, when it reached its previous all – time high of $69.000 in November 2021.

Glassnode noted that even at $68.000, the total volume of long-term holders at a loss was “negligible,” with approximately 4.900 Bitcoin purchased above the current spot price.

As long as Bitcoin holds above $69.000 for the next few months, all long – term Bitcoin holders will remain in profit. However, come Aug. 13, the 155-day LTH timeframe will include March 11, the day Bitcoin surged to $72.110.

At the time of publication, Bitcoin is trading at $71.080, as per CoinMarketCap data.

Glassnode noted that short-term holders – those holding Bitcoin for less than 155 days – are carrying most of the unrealized losses. There are mainly those who purchased in March ahead of Bitcoin reaching its current all-time high of $73.679 on March 13.

“The Short-Term Holder cohort are shouldering the vast majority of market losses, a condition typically observed during bull market corrections from new ATHs,” it wrote.

Glassnode believes that the recent price jump is sparking renewed merket anticipation.

“The first glimmers of market speculation appear to be returning after a multi-month price consolidation,” it declared.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.