Bitcoin's Bottom Indicator Flashes: Long-Term Holders Start Selling at Loss
A rare on-chain signal has appeared in the cryptocurrency market that could indicate the end of a prolonged decline and a global trend reversal. According to Crypto Dan from analytics platform CryptoQuant, even large investors who have held Bitcoin for years are selling at a loss en masse amid a critical decline in public interest.
The key indicator is the SOPR Ratio, which measures the profitability of long-term holders relative to short-term holders. It has fallen below 1.0, a threshold that has historically marked the final stage of clearing speculators from the market and the formation of a global macro bottom.
CryptoQuant analysts emphasize that periods in which even mid- to long-term investors keep selling Bitcoin at a loss have historically proved to be excellent entry points. The current situation is unique because the capitulation of large investors is occurring just as market participants' interest hits rock bottom, trapping them in uncertainty.