Bitcoin HODLers Still Selling At Profit Amid Short-Term Holder Capitulation
Summary
Bitcoin short-term holders (STHs) have been selling at a loss during the recent market downturn, while long-term holders (LTHs) have been selling at a profit. The "Spent Output Profit Ratio" (SOPR) indicator shows that STHs have been realizing losses, with the indicator falling below 0.8 at its worst. In contrast, LTHs have been participating in net profit-taking, with the SOPR remaining strong above 1. Despite a brief profit realization for some STHs during the market rebound, it was not significant. Bitcoin is currently trading at around $55,000, down more than 17% over the past week.
