🔥 UPDATE: $ORCA $OGN $RPL

Bitcoin’s long-term holders LTHs are no longer aggressively buying dips like they did previously. Current behavior mirrors conditions seen during the 2022 Terra LUNA crash, signaling waning confidence among veteran investors.

The LTH SOPR Spent Output Profit Ratio has fallen below 1 for the first time in nearly 2 years, indicating that even experienced holders are realizing losses, a bearish signal suggesting the market may still be under significant selling pressure before recovery.