Gate News reports that on March 9, cryptocurrency market analyst Axel released a report showing that over the past 8 days, the Bitcoin short-term holder SOPR (Spent Output Profit Ratio) indicator has been below 1.0 for 7 days, indicating that this group is systematically selling below cost. Only on March 4, when the price briefly touched $70,800, did the indicator break above 1.0, then quickly return below 1.0.
At the same time, the short-term holder supply indicator decreased from about 6.06 million coins to 5.92 million BTC, a reduction of 140,000 coins in two weeks. The average cost for this group is approximately $89,028, while the current market price is around $67,175, a 24% difference. The decline in supply reflects realized losses or chips shifting to long-term holding.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
