Bitcoin Capitulation Signal: Will a Rebound Follow?

Bitcoin’s recent price drop, now hovering around $92,000, has triggered a notable capitulation event among short-term holders (STHs). The STH Spent Output Profit Ratio (SOPR) has fallen below 0.97, indicating widespread selling at a loss for many buyers. This historic trend aligns with past market corrections, suggesting the later stages of the decline may be approaching its end. Long-term holders (LTH), those holding coins for over 155 days, remain in profit, forming a strong base to accumulate more Bitcoin as weak hands exit.