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
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