The Institutional Bitcoin Sell Off

This sell-off is historic in magnitude of losses realized by short term holders. STH-SOPR has only dipped this low on three occasions since 2015: 

Feb 2018 start of bear market 

Nov 2018 bear capitulation 

Mar 2020 COVID sell-off

Bitcoin 1st $10K move on a single day!

HODL it’s that simple

Bitcoin Never Dies!

Repo and Reverse Repo Operations