Category: Capitulating
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Bitcoin Short-Term Holders Now Capitulating: Bottom Here?
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On-chain data shows that short-term Bitcoin holders have begun selling at a loss. Here’s what this could mean for the cryptocurrency’s price. Bitcoin short term holder SOPR just dropped below 1 As CryptoQuant author Axel Adler Jr points out in a new report mail On X, Bitcoin’s SOPR to short-term…
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Bitcoin Short-Term Holders Now Capitulating: Bottom Here?
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On-chain data shows that short-term Bitcoin holders have begun selling at a loss. Here’s what this could mean for the cryptocurrency’s price. Bitcoin short term holder SOPR just dropped below 1 As CryptoQuant author Axel Adler Jr points out in a new report mail On X, Bitcoin’s SOPR to short-term…
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Are Bitcoin Miners Capitulating Amid the Drop Below $60K?
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The Bitcoin network is showing some signs of miner capitulation. This phase is characterized by miners either stopping work or selling a portion of their Bitcoin reserves. Interestingly, this process has historically been associated with Bitcoin prices hitting bottom, after which the asset is expected to resume its much-needed upward…