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Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses Cointelegraph via biedex.markets

Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses By Cointelegraph

Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses

‘s (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals.

In one of its Quicktake market updates on Sept. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers.

Bitcoin exchange inflow Spent Output Age Bands (SOAB) chart (screenshot). Source: CryptoQuant
Bitcoin entity-adjusted Spent Output Profit Ratio (SOPR) chart. Source: Glassnode

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Written by Sandy Sullivan