Bitcoin long-term holder SOPR bearish momentum

Quick Summary:

Bitcoin long-term holder SOPR bearish momentum is becoming a topic of concern among market analysts, as recent data suggests that long-term holders (LTHs) of Bitcoin are selling their assets at increasingly lower profit margins.

It suggests that even these steadfast investors are beginning to sell their Bitcoin at lower profit margins, which can be interpreted as a sign of weakening confidence in the market’s short-term prospects.

For long-term holders (LTHs), who are typically considered the most resilient and least likely to sell during market fluctuations, a declining SOPR can be particularly telling.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin long-term holder SOPR bearish momentum Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 07:57:27 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 572 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22329176

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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