Bitcoin LTH SOPR Indicates Concerning Capitulation Levels — What Does This Me...
Prominent market analyst with the pseudonym RugaResearch has drawn attention to recent developments with Bitcoin long-term holders (LTH) Spent Output Ratio (SOPR), indicating that these key participants are exiting their positions at a significant loss. Related Reading: Bitcoin Stalls At $66,000 As Market Quietly Prepares For A Downside Draw Bitcoin LTH SOPR: Quiet Market Divergence The SOPR compares the price at which coins were last moved (cost basis) to the price at which they are currently being spent. It is used to measure whether coins being spent are in profit or loss. When the SOPR....
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Bitcoin has not been immune to the ongoing global tariff dispute, which has rippled across financial markets and placed pressure on equities and digital assets. Over the past two weeks, Bitcoin has dropped by more than 10%, slipping under $75,000 earlier today—a level last seen in November 2024. The pullback coincides with broader market volatility coming from rising geopolitical and economic uncertainty. Amid this ongoing price move, a crypto analyst has suggested that the behavior of short-term holders during episodes like this is crucial in assessing the extent of ongoing market....
On-chain data shows Bitcoin long-term holder capitulation has deepened recently, but has not entered into the historical bottom zone yet. Bitcoin Long-Term Holder SOPR Continues To Observe Deep Values Below ‘1’ As explained by an analyst in a CryptoQuant post, BTC long-term holders have been realizing losses in recent weeks. The “spent output profit ratio” (or SOPR in short) is an indicator that tells us whether Bitcoin investors are currently selling at a profit or at a loss. The metric works by checking the on-chain history of each coin being sold to see what....
Bitcoin is showing signs of renewed weakness as short-term investors begin to fold under selling pressure. According to the latest data from CryptoQuant, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has fallen to 0.992, its lowest level since late April. This key on-chain metric tracks the average profit or loss realized by Bitcoin holders who have owned their coins for less than 155 days — a group often associated with speculative or reactive behavior. Related Reading: Kadena Shuts Down Operations – Team Confirms Immediate Cease Of All Activities When the STH-SOPR dips below....
Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week. The “spent output profit ratio” (or the SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a profit or a loss right now. The metric works by looking at the on-chain history of each coin....
XRP is flashing a familiar on-chain stress pattern after slipping below its aggregate holder cost basis, a move Glassnode says has historically coincided with capitulation, loss realization, and a slow grind toward stabilization rather than an immediate rebound. In a Feb. 9 post on X, the on-chain analytics firm said XRP “lost its aggregate holder cost basis, triggering panic selling,” pointing to a sharp deterioration in spent output profitability. Glassnode flagged its Spent Output Profit Ratio (SOPR) on a 7-day EMA basis falling from 1.16 in July 2025 to 0.96 “now,” adding that “holders....