“Data” says that long term hodlers are putting more selling pressure on the market than short-term holders at the moment….

Bitcoin Data: Long-Term Holders Are Currently Putting More Selling Pressure Than Short-Term Holders

‘As explained by an analyst in a CryptoQuant post, Short-Term Holders and US investors haven’t sold as much lately as during the start of June.

The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us about whether investors in the Bitcoin market are selling at a profit or at a loss right now.

When the value of this metric is greater than 1, it means the average holder is moving their coins at some profit at the moment.

On the other hand, the indicator’s value being less than the threshold implies the market as a whole is currently realizing some loss.

There are two popular categories of Bitcoin investors, the “Short-Term Holders” (STHs) and the “Long-Term Holders” (LTHs).

The former holder group includes all those investors who have been holding their coins since less than 155 days ago, while the latter cohort is made up of the hodlers who have had their coins sitting still since more than that.”

https://bitcoinist.com/bitcoin-long-term-selling-pressure-short-term/