Analyst: Short-Term Holders Are Selling at a Loss, but No Large-Scale "Capitulation" Selling Yet

Odaily: CryptoQuant analyst Axel Adler Jr. noted that the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has dropped to 0.993, indicating that short-term holders are selling at a loss. There are no signs of large-scale "capitulation" selling yet; during previous periods of market stress, this indicator had fallen to even lower levels.