According to Bitjie, data from CryptoQuant shows that Bitcoin's SOPR (Spent Output Profit Ratio) has dropped below 1, indicating short-term holders are selling at a loss. Over 30,000 BTC (approximately $3.39 billion) has been moved to exchanges at a loss, signaling panic selling. Whale holders are also reducing risk, with new whales realizing $186 million in losses and old whales realizing $26.3 million in losses.
BTC Short-Term Holders Panic Sell, SOPR Falls Below 1 as Whales Cut Losses
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