PANews reported on April 9 that Glassnode published an analysis on the X platform, saying that compared with the previous large-scale Bitcoin sell-offs since the beginning of the year, losses are now spreading to cryptocurrencies that were bought and held earlier, especially those Bitcoins held for 3 to 6 months. The loss share of these medium-term holders increased from 0.8% on February 27 to 19.4% on April 7, indicating that the scope of the "surrender wave" has exceeded short-term holders.