Bitcoin Short-Term Holders Panic Again, And Analysts Say We’re At A Major Crossroads

Short-term holders are again realizing losses, and that pressure shows up in the data. STH SOPR dipped to about 0.94 while Bitcoin traded roughly at $85,550 to $85,680. That number means many recen...

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Bitcoin Short-Term Holders Panic Again, And Analysts Say We’re At A Major Crossroads

Source: Bitcoinist.com

Short-term holders are again realizing losses, and that pressure shows up in the data. STH SOPR dipped to about 0.94 while Bitcoin traded roughly at $85,550 to $85,680. That number means many recent buyers sold for less than what they paid. Markets often react to that kind of selling with sharp moves. Sometimes prices recover. […]