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⛓️ Crypto🔴 BearishImportance 7/10
Bitcoin Enters Fragile Phase As Annual LTH Realized Profits Taper — Details
🤖AI Summary
Bitcoin's long-term holders are showing signs of weakening as their monthly profit realizations fall below 1.0, though annual profits remain positive at 1.84. The analysis suggests Bitcoin is entering a fragile transitional phase, with LTH realized profits tapering compared to previous cycles.
Key Takeaways
- →Bitcoin's Long-Term Holder monthly SOPR has dropped below 1.0 to 0.98, indicating average monthly losses for the strongest hands in the market.
- →Annual LTH SOPR remains positive at 1.84 (84% gains) but is trending downward and hasn't exceeded 3.4 this cycle compared to higher peaks in previous cycles.
- →Historical data shows bear markets typically form when SOPR drops to 0.6 (40% losses), suggesting current levels are still far from capitulation.
- →The tapering of LTH profits indicates less impulsive distribution behavior compared to previous cycles.
- →Bitcoin price currently sits at $64,247, down 4.85% in the past day amid this transitional phase for long-term holders.
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#bitcoin#long-term-holders#sopr#on-chain-analysis#profit-realization#market-cycle#btc-price#cryptoquant#selling-pressure#bear-market
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