Bitcoin Holders Selling At Large Losses, Is Final Capitulation Here?

Bitcoin Holders Selling At Large Losses, Is Final Capitulation Here?


On-chain data shows Bitcoin holders have been selling at large losses on the level of previous bottoms, suggesting that the final capitulation for the cycle may be here.

Bitcoin 7-Day MA aSOPR Has Sharply Gone Down Recently

As pointed out by an analyst in a CryptoQuant post, the BTC market participants may be coming close to surrendering.

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The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether Bitcoin investors are selling their coins at a profit or at a loss right now.

When the value of this metric is greater than 1, it means the average holder is moving their coins at a profit currently.

On the other hand, the indicator having values less than the threshold suggests the market

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