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Analysts: Short-term BTC holders are "capitulating," and the market is currently facing localized pressure.

Analysts: Short-term BTC holders are "capitulating," and the market is currently facing localized pressure.

Cointime2025/12/15 12:34
By: Cointime
BTC-0.13%P-2.88%L0.00%

 CryptoQuant analyst Axel Adler Jr posted on social media that the Bitcoin market is in an adjustment phase, having pulled back 30% from its all-time high. Two on-chain indicators — Short-Term Holder Spent Output Profit Ratio (STH SOPR) and Profit/Loss Block (P/L Block) — show that market participants are realizing losses, and market sentiment is deteriorating. Short-term holders are showing signs of capitulation, and the market is currently facing localized pressure.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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