BTC exchange inflows plunge, easing potential selling pressure

CryptoQuant contributor MAC.D said in a post on X that while losses among short-term Bitcoin investors are widening, potential selling pressure is easing as exchange inflows decline. MAC.D said the seven-day moving average of Bitcoin’s short-term holder spent output profit ratio, or STH-SOPR, stood at around 0.99, indicating loss-taking remains dominant. At the same time, exchange inflows from short-term investors sitting on losses fell 69.7% to about 9,900 BTC on Nov. 9 from 32,695 BTC on Nov. 6. MAC.D added that in past bull markets, periods when selling pressure eased after loss realization by short-term investors increased have at times served as accumulation opportunities. If the decline in exchange inflows continues, the analyst said, attention should be paid to the possibility of a BTC price rebound.