Golden Finance reported that Glassnode's weekly on-chain insight research emphasized the severity of the recent market downturn, linking it to the 'correlation-1' event that led to a big dump in major assets such as BTC and stocks. According to Glassnode's data, this event caused the BTC Spot price to reach a critical psychological level of $51,400 and triggered a significant 11% decrease in BTC futures' Close Position contracts overnight. The report also revealed that only 7% of short-term holders are still in a profitable state, a figure unseen since the FTX collapse in 2022, and more than one standard deviation below the long-term average level. This indicates a significant degree of financial pressure among recent buyers. In addition, the Glassnode report pointed out a sharp increase in realized losses, totaling approximately $1.38 billion. It is noteworthy that 97% of these losses are borne by short-term holders, highlighting their vulnerability during the downturn. The report noted that this level of realized losses is historically significant, ranking 13th in USD terms, reflecting the widespread panic among investors.#BTC大跌后反弹，后市行情怎么走？