Short-term Bitcoin holders panic sell, testing key support level.
According to news from Hash World, CryptoQuant analysis indicates that the short-term holders of Bitcoin have experienced a sharp drop in the Spent Output Profit Ratio (STH SOPR) to 1, showing that short-term holders are suffering losses, which is a typical sign of panic dumping. Short-term holders not only have unrealized losses but are also actively selling, with a scale of panic dumping reaching 3.39 billion dollars calculated at a price of 113,000 dollars per coin. However, the Bitcoin price is still fluctuating near the rea
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