CryptoQuant analyst: Long term holders are still in a loss making state

According to CryptoQuant analyst Darkfost, long-term holders (LTH) are still in a loss making state, and according to the SOPR metric, LTH holders are currently experiencing more losses than profits. In early July, LTH's SOPR (7-day moving average) fell to 0.73, and now the indicator has rebounded to 0.94, still below 1. Its 30 day average has remained at 0.88 since June 1st, consistently in the loss zone.