Bitcoin Short-Term Holders Sell at a Loss, but Capitulation Remains Limited

Bitcoin (BTC) short-term holders are realizing losses, but a key spending metric remains above levels seen during earlier periods of market stress.

The short-term holder spent output profit ratio (STH-SOPR) stood at 0.993. The reading indicates that short-term holders are spending coins at a loss.

The metric fell lower during previous periods of market stress. The current reading has not shown signs of large-scale capitulation, and the scale of losses does not appear extreme.