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Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses
2022.10.01 08:15
Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses
‘s (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals.
In one of its Quicktake market updates on Sept. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers.
Bitcoin exchange inflow Spent Output Age Bands (SOAB) chart (screenshot). Source: CryptoQuantBitcoin entity-adjusted Spent Output Profit Ratio (SOPR) chart. Source: Glassnode
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