Long-Term Bitcoin Holders Now Face Bigger Losses Than FTX Collapse

A well-known trader has made a startling claim that holders of Bitcoin who have held onto their assets for the long term have incurred losses, surpassing the amount lost during the FTX bankruptcy period.

The trader's assertion comes at a time when the cryptocurrency market is still reeling from the collapse of several major players, including FTX and Celsius Network.

According to the trader, the total loss for long-term Bitcoin holders has exceeded the losses incurred during the FTX bankruptcy period, which was a significant blow to the crypto ecosystem.