Bitcoin Long-Term Holder Loss-Taking Now Highest Since 2019

On-chain data shows Bitcoin long-term holder SOPR has reached the deepest value since 2019, suggesting this cohort has been realizing some heavy losses recently.
Bitcoin Long-Term Holder SOPR Continues To Trend Down
As pointed out by an analyst in a CryptoQuant post, BTC long-term holders are currently realizing the largest amount of losses since 2019.
The “spent output profit ratio” (or SOPR in brief) is an indicator that tells us whether Bitcoin investors are selling at a profit or