According to CoinMeta, on November 6th, Glassnode stated that as the price of Bitcoin fell the previous day, approximately 60% of the BTC supply held by recent buyers had fallen below their cost base, putting them back in a state of unrealized losses, whereas these positions had previously been profitable. Glassnode believes that short-term holders have once again fallen into a state of floating losses, temporarily reducing the risk for recent buyers to realize profits when prices rebound.