Short-term holders bleeding -6% underwater right now.
$BTC spot sitting below their realized price. MVRV at 0.94.
SOPR hovering around 0.996 — they're taking small losses but no panic selling yet. Market's under pressure but structure still holding at -1σ support.
No capitulation... yet.
Key level: Can we reclaim SOPR back above 1? That's the line between holding or folding.
$BTC spot sitting below their realized price. MVRV at 0.94.
SOPR hovering around 0.996 — they're taking small losses but no panic selling yet. Market's under pressure but structure still holding at -1σ support.
No capitulation... yet.
Key level: Can we reclaim SOPR back above 1? That's the line between holding or folding.