Profit indicator for long-term BTC holders fell below 1 market or is now a surrender signal

According to an on-chain data report released by CryptoQuant analyst nino, the Bitcoin Long-term Holder Profitability Indicator (LTH-SOPR) recently fell below a key threshold. LTH-SOPR specifically tracks the actual profit and loss situation of long-term investors who have held their currency for more than 155 days. A value above 1 means that the overall sales are at a profit, and a value below 1 means that long-term holders are leaving the market at a loss. The current indicator has fallen below 1, indicating that more and more senior currency holders are beginning to cut off under pressure, and the market may be approaching the "surrender" stage-even the most patient long-term holders are beginning to respond to price pressure, which is usually regarded as an important signal in the search for the bottom of the market.