Data: BTC long-term holder profit indicator falls below 1, market may show signs of surrender

According to an on-chain data report released by CryptoQuant analyst nino, the Bitcoin Long-Term Holder Profit Ratio (LTH-SOPR) has recently fallen below the key threshold of 1.

LTH-SOPR specifically tracks the actual profit and loss status of long-term investors who have held their coins for more than 155 days. A value above 1 indicates that the overall selling is profitable, while a value below 1 means that long-term holders are selling at a loss. The current indicator falling below 1 suggests that an increasing number of seasoned holders are starting to feel pressured to sell at a loss, and the market may be approaching a "surrender" phase—where even the most patient long-term holders begin to react to price pressure, which is often seen as an important signal in the process of seeking the market bottom.