Jan 14, 2025
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Bitcoin Short-Term Holders Begin Selling at a Loss
On-chain data indicates that short-term Bitcoin holders are selling at a loss.
Short-Term Holder SOPR Declines
- The Bitcoin Spent Output Profit Ratio (SOPR) for short-term holders has dipped below 1.
- This metric shows whether Bitcoin is being sold at a profit or loss.
- A value above 1 indicates profit realization, while below 1 indicates loss realization.
- Short-term holders are defined as those who acquired BTC within the last 155 days.
- The current 7-day simple moving average of the short-term holder SOPR is 0.99.
- This suggests loss-taking is becoming more prevalent among these investors.
- Historical trends show that significant loss-taking often precedes market tops.
- Current loss levels are not remarkable, indicating potential further declines before a bullish reversal may occur.
Bitcoin Price Update
- Bitcoin's price has dropped by 3% in the past day, now at $91,600.
