Analysts say that long-term holders of Bitcoin may face a severe decline near a bear market

On February 6th, on chain data analyst Murphy stated that as of February 5th, multiple Bitcoin Long Term Holders (LTH) indicators are approaching critical points: the 7-day EMA of LTH-RPRL (realized profit to loss ratio) and LTH-SOPR (spent output profit margin) have both fallen to 1, indicating that long-term holders as a whole are no longer profitable and are on the brink of structural surrender. A large number of long-term loss chips flowing into trading platforms may indicate that the market is approaching the final stage of intense volatility in a bear market.