Short term holders' realized losses are at a similar spot as when Bitcoin was $17,000. Here are a few reasons why market participants shouldn't lose hope.
Buying BTC at the current value may lead to bigger returns in the near future.around $30,000 earlier in the year, expecting the coin to rise as high as $35,000 or $40,000. But it didn’t. Then, you remember how down your portfolio is while listening to Johnny Cash’s “I’m Busted”, and the lyrics “I got a cow that’s gone dry, and a hen that won’t lay” comes up.
The STH-SOPR is a ratio of spent outputs in profit at the time of the window. Values greater than 1 mean holders are selling at a profit while values less than 1 mean holders are selling at a loss.Gaah revealed that the metric showed there was a lot of realized loss similar to the season when BTC’s price was $17,000. He noted:
“The current loss being realized, on average, is in the same magnitude as 8 months ago when Bitcoin was being priced in the $17,000 range.”
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