#Bitcoin Short-Term Holders also took on heavy losses, with STH-SOPR reaching levels equivalent to the Nov 2018 bear market capitulation event.
— glassnode (@glassnode) June 19, 2022
Only three instances have exceeded yesterdays STH pain in the last 5yrs
- Start of the 2018 bear
- March 2020
- May-July 2021
7/9 pic.twitter.com/BZ5QxtJ39t