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Analysis

Short-term BTC holders are taking losses... a buying opportunity for whales

CryptoQuant contributor MAC_D writes: "Bitcoin short-term holders BTC SOPR is below 1. This means that short-term investors are taking profits. Based on historical data, whales are likely to seize this opportunity and buy up the volume dumped by short-term investors, which could lead to a rebound...

Short-term BTC holders are taking losses... a buying opportunity for whales

CryptoQuant contributor MAC_D writes: "Bitcoin short-term holders BTC SOPR is below 1. This means that short-term investors are taking profits. Based on historical data, whales are likely to seize this opportunity and buy up the volume dumped by short-term investors, which could lead to a rebound in the BTC price." The short-term SOPR metric is a SOPR metric calculated only for coins held for more than 1 hour but less than 155 days, where a value above 1 indicates a high proportion of coins that are profitable in short-term investments, and a value below 1 indicates a high proportion of coins that are losing money.

Blockchain Cryptocurrency btc etf ark cryptoquant (SpotedCrypto)

The day before, Ark Investments bought 58,468 shares of the ARK 21 Shares Bitcoin Spot ETF (ARKB), valued at $2.45 million, through its ARKW fund. It did not sell the ProShares BTC futures ETF. The moves by the two institutions seem to confirm MAC_D's comments.

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