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Glassnode Glassnode @glassnode · 44K subscribers
Post #381 23K
#Bitcoin Short-term Holders are currently seeing their conviction tested.

The STH-SOPR metric trades at or below 1.0 in:
- Bullish shake-outs
- Bear markets
- Capitulation events

STHs are currently realising minor losses on-chain, spending coins that last moved at higher prices
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