BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020
Sale price versus price paid diverges the most in over two years since the last Bitcoin “black swan” event. Bitcoin (BTC) sellers are nursing their largest overall losses since March 2020, one on-chain metric suggests.Data from on-chain analytics firm Glassnode confirms that Bitcoin’s spent output profit ratio (SOPR) has now fallen to two-year lows.BTC on-chain losses mountAs Bitcoin holders attempt to pull funds from exchanges into noncustodial wallets, those moving coins around are doing so at multi-year high losses.SOPR divides the realized value of coins in a spent output by their....
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