BTC Long-Term Holders Selling at a Loss: Final Capitulation Phase May Be Here

Data shared by on-chain analyst Crypto Dan shows that Bitcoin (BTC) long-term holders are selling at a loss. According to him, it means that the market may be approaching a phase where selling pressure gets exhausted, which could signal that a major cycle low is about to be reached. What the Data is Telling Us Crypto Dan wrote in a market update on March 31 that a widely followed metric, the Long-Term Holder Spent Ou…