Bitcoins Exceptional Resilience Amid Trade War: Insights from Glassnode

The price of the first cryptocurrency remains above $80,000, with the current drawdown being significantly lower than in previous cycles, according to a report by Glassnode.

Amid a «volatility explosion» in U.S. stock and government bond markets, the quote for digital gold rebounded from $75,000 to $85,000, while the price of the precious metal reached a historical peak exceeding $3,300.

Experts suggest that as the world adapts to shifting trade relations, both assets are emerging as global neutral reserve instruments.

The current drawdown from the all-time high (ATH) has reached 33%, whereas the typical figure in the past has been no less than 50%.

The more stable demand profile and resilience of holders are also indicated by a median correction figure of 7%, compared to 11-22% observed in previous bull runs.

The positive trend in realized capital as a measure of liquidity for the first cryptocurrency under extremely challenging conditions is noteworthy, experts have emphasized.

Analysts have pointed out the return of the Net Realized Profit/Loss metric, adjusted for volatility, to its neutral median value. This indicates that the market is at a crucial decision point and is working to restore support within the current price range.

A slowdown in capital inflow into the digital asset ecosystem via stablecoins provides additional evidence of a general reduction in liquidity.

The volume of unrealized losses surged to a new ATH of $410 billion during the price drop to $75,000, with most investors experiencing a drawdown of up to -23.6%. In previous cycles, holders faced much larger «paper» losses in relative terms, which could reach between 61.8% and 78.6%.

Despite the increase in unrealized losses, the share of profitable coins remains high at a balanced 75%. In other words, the majority of market participants experiencing losses are «new» buyers at the peak, experts noted.

It’s worth mentioning that QCP Capital has expressed skepticism regarding Bitcoin’s status as a «safe haven asset.»

Previously, TheMinerMag reported a surge in coin sales by miners, reaching their highest level since October 2024.