140,000 BTC Exit Short-Term Holders as Capitulation Pressure Builds in Bitcoin

Bitcoin’s short-term holders have continued to realize losses, as on-chain data found sustained selling pressure across most of the past week. According to the latest analysis by Axel Adler Jr., the Short-Term Holder Spent Output Profit Ratio (STH SOPR), a metric that measures whether coins held for less than 155 days are being sold at a profit or loss, remained below the neutral level of 1.0 for seven of the l…