📊 We are now getting into serious territory with the LTHs ( Long-term Holders ).
Their average monthly SOPR has just dropped below the 1 level and currently stands at approximately 0.98.
🔴 This means that LTHs have started to realize losses, pushing the monthly average into negative territory.
That said, the annualized LTH SOPR remains well in profit territory at around 1.84, implying average realized gains of roughly 84%. With the recent developments still unfolding, this annual average continues to trend lower.
During this cycle, the LTH SOPR has not exceeded 3.4, or roughly 240%, which is about half the peak reached in the previous cycle and more than four times lower than the cycle before that.
👉 However, bear market bottoms have historically formed after the SOPR dropped below the 0.6 threshold, indicating that LTHs were realizing losses of around 40% on average.
It is therefore not surprising to see BTC consolidating at this level. As LTH profits continue to erode, their selling pressure progressively declines.$BTC $ETH
JPMorgan says crypto markets could see a meaningful lift in the second half of the year if U.S. lawmakers pass sweeping market-structure legislation by midyear, even as sentiment remains weak.$BTC $ETH
Based on similarities with #RUNEUSD - I could imagine #SEI executing something like this! 👇
Very speculative BUT if you are patient, this thing could hit even 5-14B m.cap with time IF the 1-2B (future) resistance gets cleared! Thats's a solid 10-30x! 🎯
Retail investors are buying Nvidia at a record pace:
Individual investors bought ~$360 million of Nvidia, $NVDA, shares in the first 80 minutes of Thursday’s trading session, the most for any session opening on record.
By comparison, the daily average over the prior 5 trading sessions was ~$94 million.
This comes after Nvidia crushed its Q4 earnings expectations and issued strong guidance for Q1.
Nvidia has been a top stock for retail investors since 2023, according to Vanda Research data.
Despite the strong results and retail buying, $NVDA stock ended the session -5.5% lower.
Addresses holding between 100K and 1 million ETH have drastically reduced their reserves over the past 90 days. That is a significant and curious shift.
What stands out even more is that a large portion of this reduction is not coming from exchanges. This suggests that major players, not trading platforms, are actively decreasing exposure.
When large holders begin to unwind positions at this scale, it usually signals a structural change beneath the surface.
Something meaningful is unfolding within Ethereum, yet very few are talking about it.$ETH
$FET The price is currently testing the 38.2% retracement level, but there is no evidence that a meaningful low has formed. The price can reach $0.368 - $0.732 in wave iv, but wave iii might need another low before a local low forms.
At $126K, Open Interest on $BTC was near $100B. By $96K it was down to $65B. Now at $60-67K it's sitting around $45B.
Every major flush wipes out a chunk of leverage. And every time it does, the next flush has less fuel.
$100B in open interest meant massive liquidation clusters in every direction. Every move triggered a chain reaction. At $45B those clusters are smaller and the chain reactions are weaker.
Less leverage = less forced selling. Less forced selling = choppier, grinding price action instead of clean flushes.
That's exactly what the last few weeks have looked like.
The market is deleveraging in stages. The final ones will be approaching over the next few months. $ETH