{"id":1589,"date":"2022-11-24T15:19:38","date_gmt":"2022-11-24T15:19:38","guid":{"rendered":"https:\/\/cryptoteambuild.com\/blog\/despite-many-selling-bitcoin-at-loss-bottom-might-not-be-here-yet-analysis\/"},"modified":"2022-11-24T15:19:38","modified_gmt":"2022-11-24T15:19:38","slug":"despite-many-selling-bitcoin-at-loss-bottom-might-not-be-here-yet-analysis","status":"publish","type":"post","link":"https:\/\/cryptoteambuild.com\/blog\/despite-many-selling-bitcoin-at-loss-bottom-might-not-be-here-yet-analysis\/","title":{"rendered":"Despite Many Selling Bitcoin at Loss, Bottom Might Not Be Here Yet: Analysis"},"content":{"rendered":"<div id=\"primary\">\n<div>\n<div id=\"content\">\n<section id=\"main\" role=\"main\">\n<article id=\"post-225797\">\n<div>\n<div>\n<div>\n<p>CryptoQuant analysts informed that a lot of bitcoin investors have been selling at a loss recently since the asset&rsquo;s price is a long way from its highest levels from a year ago.<\/p>\n<p>However, the percentage of investors dumping their possessions now might not be enough to mark a bear market bottom.<\/p>\n<ul>\n<li>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&rsquo;s analysis <a data-wpel-link=\"external\" href=\"https:\/\/cryptoquant.com\/quicktake\/637e0473a6518b00ddb73ca9-A-lot-of-people-are-selling-at-a-loss-Is-it-the-bottom?utm_source=telegram&amp;utm_medium=sns&amp;utm_campaign=Quicktake&amp;utm_content=CoinLupin\" target=\"_blank\" rel=\"noopener\">suggested<\/a> that many investors are selling their bitcoin holdings at a loss now.<\/li>\n<li>As such, this could provide a good narrative that the primary cryptocurrency had finally bottomed following the massive price decline experienced in the past year.<\/li>\n<li>However, the strategist warned that the situation is not that simple, at least according to another metric &ndash; UTXO.<\/li>\n<li>The unspent transaction output (UTXO) is the amount of the underlying cryptocurrency (in this case, BTC) that is left after a transaction. CryptoQuant asserted that 70% of the UTXO is still profitable, but it was way below 50% during the past few bear markets.<\/li>\n<\/ul>\n<blockquote>\n<p>&ldquo;Most of the people who are selling at a loss now are relatively recent participants. The real bottom comes when more than half of investors in the entire cycle, including this, lose money.&rdquo; &ndash; reads the analysis.<\/p>\n<\/blockquote>\n<figure aria-describedby=\"caption-attachment-225798\" id=\"attachment_225798\"><a data-wpel-link=\"internal\" href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2022\/11\/PIC1.png\"><img decoding=\"async\" loading=\"lazy\" alt=\" Bitcoin Price and UTXO. Source: CryptoQuant\" data-spai=\"1\" height=\"490\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMjgwIDQ5MCIgd2lkdGg9IjEyODAiIGhlaWdodD0iNDkwIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyMiUyRjExJTJGUElDMS5wbmciIGRhdGEtdz0iMTI4MCIgZGF0YS1oPSI0OTAiIGRhdGEtYmlwPSIiPjwvc3ZnPg==\" width=\"1280\"><\/a><figcaption id=\"caption-attachment-225798\">Bitcoin Price and UTXO. Source: CryptoQuant<\/figcaption><\/figure>\n<ul>\n<li>Trading at $16,500 now means that bitcoin is down by around 75% since its all-time high charted last November. However, another popular crypto analyst recently <a data-wpel-link=\"internal\" href=\"https:\/\/cryptopotato.com\/11k-or-9k-bitcoins-expected-bottom-based-on-previous-bear-markets\/\">warned<\/a> that the asset could further drop to as low as $9,500 if it&rsquo;s to mimic the previous bear markets and, indeed, find a bottom.<\/li>\n<\/ul>\n<div>\n<div><center><span>SPECIAL OFFER (Sponsored)<\/span><\/center><\/p>\n<p><b>Binance Free $100 (Exclusive): <a data-wpel-link=\"internal\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" rel=\"nofollow\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a data-wpel-link=\"internal\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\">terms<\/a>).<\/p>\n<p>\n<b>PrimeXBT Special Offer: <a data-wpel-link=\"internal\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" rel=\"nofollow\">Use this link<\/a> to register &amp; enter POTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div><\/div>\n<hr><\/div>\n<\/p><\/div>\n<\/article>\n<\/section><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptopotato.com\/despite-many-selling-bitcoin-at-loss-bottom-might-not-be-here-yet-analysis\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CryptoQuant analysts informed that a lot of bitcoin investors have been selling at a loss recently since the asset&rsquo;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&rsquo;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[621,605],"_links":{"self":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/1589"}],"collection":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/comments?post=1589"}],"version-history":[{"count":0,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/1589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media\/1590"}],"wp:attachment":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media?parent=1589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/categories?post=1589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/tags?post=1589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}