Murphy|Feb 06, 2026 06:04
Looks like long-term holders are about to reach their breaking point...
As of February 5th:
LTH-RPRL-7d EMA (Realized Profit/Loss Ratio) equals 1; on a global scale, this means LTHs overall are no longer profitable.
LTH-SOPR-7d EMA (Spent Output Profit Ratio) also equals 1; on a transaction-by-transaction basis, this indicates LTHs are on the verge of structural capitulation.
The influx of 'long-term and losing' tokens into exchanges signals that the 'final straw that breaks the camel's back' is coming...
Once long-term holders start collapsing entirely, it’s usually the final 'shakeout' of every bear market, the darkest hour before dawn.
Hold on, we’re in this together as family;
Two years from now, you’ll thank your determined self today!
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