The Luna collapse impact on Bitcoin one year on

Quick Take

• Luna collapse (May-June 2022) pushed Bitcoin below $20,000.
• Bitcoin lost $10,000 in value over 10 days in June 2022.
• Long-term holders now hold the purchased Bitcoin.
• 69% of Bitcoin’s supply was last active over 1 year ago, surging since the start of 2023.
• Despite a 75% price drop in 2022, Bitcoin’s unwavering buy-and-hold philosophy seems to persist throughout the bear market.

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