{"id":478190,"date":"2021-12-06T19:00:20","date_gmt":"2021-12-06T19:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=478190"},"modified":"2024-06-11T11:03:31","modified_gmt":"2024-06-11T11:03:31","slug":"data-shows-bitcoin-short-term-holders-have-started-to-sell-at-a-loss","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/data-shows-bitcoin-short-term-holders-have-started-to-sell-at-a-loss\/","title":{"rendered":"Data Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss"},"content":{"rendered":"

On-chain data shows Bitcoin short-term holders are increasingly selling at a loss following the latest crash in the crypto’s price.<\/p>\n

Bitcoin Short-Term Holder SOPR Dips Further Below One<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, on-chain data shows that the STH SOPR has decreased to July levels, suggesting that short-term holders are increasingly realizing their losses.<\/p>\n

The Spent Output Profit Ratio, or “SOPR<\/a>” in short, is a Bitcoin indicator that tells us whether investors are selling at a loss or a profit during a given period.<\/p>\n

The metric’s value is calculated by taking the ratio between the value of coins at spent time, and that at the time of creation.<\/p>\n

If the SOPR drops below one, then it means investors are, on an average, selling at a loss. While if it floats above the threshold, then the overall market is making a profit. It being exactly equal to one implies holders are breaking even.<\/p>\n

A slight modification of this indicator is the STH SOPR<\/a>, which measures the profit ratio of only those coins that were held for less than 155 days before being sold.<\/p>\n

These coins are usually assumed to be the short-term holder (STH) supply. So, the STH SOPR highlights whether these holders were selling in profit or not at a specific time.<\/p>\n

Related Reading |\u00a0Understanding Bitcoin UTXO: Mid-To-Long Term Holders Responsible For November Correction<\/a><\/strong><\/em><\/p>\n

Now, here is a chart that shows the trend in this Bitcoin indicator over the past year:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the the value of the indicator has sharply dropped recently | Source: CryptoQuant<\/a><\/pre>\n
As you can see in the above graph, the Bitcoin STH SOPR declined to 0.95 yesterday. The last time similarly low values were observed was back in July.<\/p>\n
These current low values suggest that short-term holders are increasingly dumping their coins at a loss right now. A similar trend was seen following the May BTC crash.<\/p>\n
Related Reading |\u00a0SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System<\/a><\/strong><\/em><\/p>\n
The analyst in the post thinks that either the coin may now follow a similar sideways movement as to the one seen then, or it may set up a final leg up for Bitcoin as was the case in July.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $48.4k, down 15% in the last seven days. Over the past month, the crypto has lost 20% in value.<\/p>\n
The below chart shows the trend in the price of BTC over the last five days.<\/p>\n
\"Bitcoin<\/p>\n
BTC's price has mostly moved sideways since the crash | Source: BTCUSD on TradingView<\/a><\/pre>\n
A few days back, Bitcoin’s price crashed down to as low as $42k before jumping back up to current levels. Since then, the crypto has mostly consolidated sideways.<\/p>\n
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows Bitcoin short-term holders are increasingly selling at a loss following the latest crash in the crypto’s price. Bitcoin Short-Term Holder SOPR Dips Further Below One As pointed out by an analyst in a CryptoQuant post, on-chain data shows that the STH SOPR has decreased to July levels, suggesting that short-term holders are increasingly realizing their losses. The Spent Output Profit Ratio, or “SOPR” in short, is a Bitcoin indicator that tells us whether investors are selling at a loss or a profit during a given period. The metric’s value is calculated by taking the ratio between the value of coins at spent time, and that at the time of creation. If the SOPR drops below one, then it means investors are, on an average, selling at a loss. While if it floats above the threshold, then the overall market is making a profit. It being exactly equal to one implies holders are breaking even. A slight modification of this indicator is the STH SOPR, which measures the profit ratio of only those coins that were held for less than 155 days before being sold. These coins are usually assumed to be the short-term holder (STH) supply. So, the STH SOPR highlights whether these holders were selling in profit or not at a specific time. Related Reading |\u00a0Understanding Bitcoin UTXO: Mid-To-Long Term Holders Responsible For November Correction Now, here is a chart that shows the trend in this Bitcoin indicator over the past year: Looks like the the value of the indicator has sharply dropped recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin STH SOPR declined to 0.95 yesterday. The last time similarly low values were observed was back in July. These current low values suggest that short-term holders are increasingly dumping their coins at a loss right now. A similar trend was seen following the May BTC crash. Related Reading |\u00a0SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System The analyst in the post thinks that either the coin may now follow a similar sideways movement as to the one seen then, or it may set up a final leg up for Bitcoin as was the case in July. BTC Price At the time of writing, Bitcoin’s price floats around $48.4k, down 15% in the last seven days. Over the past month, the crypto has lost 20% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price has mostly moved sideways since the crash | Source: BTCUSD on TradingView A few days back, Bitcoin’s price crashed down to as low as $42k before jumping back up to current levels. Since then, the crypto has mostly consolidated sideways. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":478195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84852,1119,1144],"class_list":["post-478190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-short-term-holders","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nData Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss<\/title>\n<meta name=\"description\" content=\"On-chain data shows Bitcoin short-term holders are increasingly selling at a loss following the latest crash in the crypto's price. 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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Data Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss","url":"http:\/\/wncen.com\/news\/data-shows-bitcoin-short-term-holders-have-started-to-sell-at-a-loss\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/data-shows-bitcoin-short-term-holders-have-started-to-sell-at-a-loss\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/executium-5TIgJKHr0v8-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/executium-5TIgJKHr0v8-unsplash-scaled.jpg?fit=2560%2C1703"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin short-term holders","btc","btcusd"],"dateCreated":"2021-12-06T19:00:20Z","datePublished":"2021-12-06T19:00:20Z","dateModified":"2024-06-11T11:03:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Data Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/data-shows-bitcoin-short-term-holders-have-started-to-sell-at-a-loss\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/data-shows-bitcoin-short-term-holders-have-started-to-sell-at-a-loss\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/executium-5TIgJKHr0v8-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/executium-5TIgJKHr0v8-unsplash-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin short-term holders\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-12-06T19:00:20Z\",\"datePublished\":\"2021-12-06T19:00:20Z\",\"dateModified\":\"2024-06-11T11:03:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/executium-5TIgJKHr0v8-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/478190"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=478190"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/478190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/478195"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=478190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=478190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=478190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}