$BTC
Bitcoin’s price fell below the $100,000 mark during Monday’s daily trading session. While the leading cryptocurrency has since rebounded to trade at $102,691 at press time, short-term holders are still feeling the sting of the temporary price drop.
On-chain data reveals that this class of BTC holders continues to sell at a loss
Short-term Bitcoin holders are counting their losses
According to data from CryptoQuant: The Spent Output Profit Ratio (SOPR) for short-term Bitcoin holders has fallen over the past week. When the price of the coin fell below the $100,000 mark yesterday, the indicator’s value dropped below 1. At the time of writing, it stands at 0.99