Citing BitcoinWorld, Bitcoin short-term holders and whale investors are currently selling their assets at a loss, according to data from CryptoQuant. The Spent Output Profit Ratio (SOPR) for short-term holders has fallen below one, indicating widespread loss realization and negative market sentiment. New whales have collectively lost $184.6 million, while existing whales have lost $26.3 million. The current price near the average purchase price for short-term holders may act as a support level, potentially stabilizing the market.
Bitcoin Short-Term Holders and Whales Realize Massive Losses as SOPR Drops Below 1
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