Bitcoin , the largest cryptocurrency has finally ended its bearish streak after recording nine weekly red candles.
Given BTC’s past, long term holders at press time are selling their shares at a huge loss yet this may resemble a positive scenario for the king coin.
Markets usually tend to put in a bottom, when massive losses are inflicted on the market participants, an event which is known as “capitulation”.
“The long-term holders’ SOPR is a metric which measures the amount of profits/losses which are realized by this cohort.
But it ended up erasing its gains the following day and then came perilously close to scoring yet another week in the red.
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