Bitcoin Long-Term Holder Loss-Taking Now Highest Since 2019

Bitcoin Long-Term Holder Loss-Taking Now Highest Since 2019


On-chain data shows Bitcoin long-term holder SOPR has reached the deepest value since 2019, suggesting this cohort has been realizing some heavy losses recently.

Bitcoin Long-Term Holder SOPR Continues To Trend Down

As pointed out by an analyst in a CryptoQuant post, BTC long-term holders are currently realizing the largest amount of losses since 2019.

Trending: Thousands Of Flights Cancelled As Pilots Strike Before 4th Of July

The “spent output profit ratio” (or SOPR in brief) is an indicator that tells us whether Bitcoin investors are selling at a profit or at a loss right now.

The metric works by checking through the transaction history of each coin being sold to see what price it was moved at before.

If the last selling price of any coin was more than the current one, then that particular coin

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend