HomeUncategorizedBTC losses get real as Bitcoin SOPR metric hits lowest since March 2020 By Cointelegraph

BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020 By Cointelegraph

November 15, 2022

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BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020

(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.

Bitcoin spent output profit ratio (SOPR) chart. Source: Glassnode
Bitcoin spent output profit ratio (SOPR) chart. Source: Glassnode
Bitcoin addresses with 0.1 BTC or more chart. Source: Glassnode