DecenTrade2021-09-08

Long-term Bitcoin Holders unshaken by Flash Crash

The recent flash crash in Bitcoin sent shockwaves across investors. On-Chain data, however, shows, that long-term holders (LTHs) seem unshaken by the shakeout of short-term holders (STHs). Similarly to the events in May 2021, we see the STH-SOPR below 1.0, which indicates BTC being spent at a loss. LTH-SOPR on the other hand remains above 1.0, same with the adjusted SOPR, while the total % of BTC supply remains above 80 %. It was just a healthy shakeout, as far as presented data suggests