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Despite Many Selling Bitcoin at Loss, Bottom Might Not Be Here Yet: Analysis

Despite Many Selling Bitcoin at Loss, Bottom Might Not Be Here Yet: Analysis

CryptoQuant analysts informed that a lot of bitcoin investors have been selling at a loss recently since the asset’s price is a long way from its highest levels from a year ago. However, the percentage of investors dumping their possessions now might not be enough to mark a bear market bottom. Citing the aSOPR (adjusted SOPR), which operates similarly to the standard SOPR but excludes all BTC transactions with a lifespan younger than one year, CryptoQuant’s analysis suggested that many investors are selling their bitcoin holdings at a loss now. As such, this could provide a good narrative that the […]