Bitcoin's price temporarily fell below $100,000, causing short-term holders to sell at a loss. The Spent Output Profit Ratio (SOPR) for Bitcoin's short-term holders dropped below 1, indicating that they are selling at a loss. BTC's negative weighted sentiment suggests a bearish signal, indicating skepticism and decreased trading activity. If negative bias strengthens, BTC's price could drop below $100,000. However, if market sentiment improves, the coin could attempt to reclaim its all-time high.
Content Editor ( beincrypto.com )
- 2025-01-28
Bitcoin’s Brief Dip Below $100,000 Pushes Short-Term Holders into the Red
