92% Bitcoin Holders in Loss: CryptoQuant

CryptoQuant analysts are seeing early signs of Bitcoin capitulation, with long-term holders starting to sell at a loss. At the same time, nearly 92% of short-term holders are trading at a loss, a level that has often appeared near market bottoms and possible accumulation zones.

Bitcoin LTH Capitulation Signals Late-Stage Selling

CryptoQuant shared analysis from analyst Crypto Dan showing Bitcoin’s Long-Term Holder Spent Output Profit Ratio (SOPR) falling below 1. This indicates long-term investors, holding coins for more than 155 days, are now selling at a loss.

Crypto Dan noted that widespread selling at a loss typically appears during the final stage of market fear. In previous cycles, similar conditions aligned with major Bitcoin cycle lows as selling pressure weakened.

However, he added that it remains too early to confirm a definitive bottom.