Bitcoin's short-term holders are experiencing losses as the SOPR (Spent Output Profit Ratio) indicator has fallen below 1, according to CryptoQuant data. This drop signifies panic selling among these holders. Over 30,000 BTC, valued at approximately $3.39 billion, have been transferred to exchanges at a loss, indicating a capitulation by short-term investors. Additionally, whale investors are reducing their risk exposure, with new whale holders realizing losses of $186 million and older whales incurring $26.3 million in realized losses.
Bitcoin Short-Term Holders Show Panic Selling as SOPR Falls Below 1
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