Short-term Bitcoin holders moved fewer coins to exchanges at a loss by Nov. 9, while a seven-day SOPR reading near 0.99 showed that loss-making sales continued.
The tracked group sent 32,695 BTC to exchanges in a loss position on Nov. 6, about 89% of its total exchange inflows that day. By Nov. 9, the loss-positioned amount stood near 9,900 BTC, 69.7% below its Nov. 6 level. Bitcoin’s price also fell further during that period. The figures cover short-term holders alone.
The cohort’s seven-day SOPR reading was about 0.99 on Nov. 9, indicating that loss-making disposals continued despite the drop in deposits.
A deposit shows that Bitcoin reached a trading platform, but not whether its owner completed a trade; EconoTimes has outlined what exchange-inflow figures can and cannot show.
As of 12:30 UTC Nov. 11, Bitcoin (BTC) traded at $73,856, down 0.49% over 24 hours, according to CoinGecko and exchange spot data.
