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Analysis: Bitcoin Long-Term Holders Keep Selling at a Loss, Underscoring Correction Signal

Bitcoin long-term holders continue to move coins at prices below their average purchase cost, reinforcing signs of a market correction, according to an analysis.

bloomingbit

Publisher

Nov 10, 2026 at 8:01 AM UTC · 2 Min. Lesezeit

Analysis: Bitcoin Long-Term Holders Keep Selling at a Loss, Underscoring Correction Signal
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Entities

bitcoin

Market Impact

BTC-0.14%$74,166

Last Updated

vor 3 Stunden

Summary

  • The on-chain analyst said Bitcoin long-term holders are moving coins below their average purchase price, signaling that market correction signals remain in place.
  • He said LTH-SOPR stayed below 1 for eight straight days, while long-term holder supply (16.3 million BTC) fell by 171,700 BTC over the past month.
  • He said both indicators support a correction scenario and that whether LTH-SOPR returns above 1 is key, while stressing that a past rebound does not indicate the future price outlook.

Forecast Trend Report by Period

Bitcoin long-term holders continue to move coins at prices below their average purchase cost, reinforcing signs of a market correction, according to an analysis.

LTH-SOPR measures the average profit or loss on Bitcoin moved by long-term holders. A reading below 1 means they are, on average, moving Bitcoin at prices below their acquisition cost. Adler said the drop in LTH-SOPR over the past month was notable even compared with moves seen over the past year.

Long-term holder supply also declined. Holdings by long-term holders now stand at about 16.3 million BTC, down 171,700 BTC over the past month.

Bitcoin · 30-day price▼ 9.3%

Bitcoin moved from $81,737.1 to $74,169.6 over the last 30-day period, a decline of 9.3 percent.

Source: Kraken · NewsLayer Markets · Updated vor ein paar Sekunden

Still, not all of that decline necessarily came from selling. Bitcoin is classified as long-term holder supply once it has been held for more than 155 days, meaning the metric can change depending on whether coins are moved.

Market Context

Bitcoin

BTC

$74,194

-0.10% (24H)

Market Cap

$1.49T

24H Volume

$15.2B

24H High

$75,474

View Bitcoin Market Page

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