[Analysis: Bitcoin Short-Term Holders Begin to Realize Losses, Market Inclined Towards Capitulation or Brewing Buying Opportunity] BlockBeats reported on November 11th that CryptoQuant analyst Darkfost pointed out that losses among short-term holders (STH) are beginning to show on the SOPR (Spend-to-Return Profit Margin). This metric measures the realized profit or loss when UTXOs are spent, and the current STH SOPR has fallen to 0.98. Since October 30th, this metric has been in negative territory, indicating that short-term holders are beginning to feel the pressure from falling prices. Previously, the group's monthly average SOPR reached 1.013, but it has now just fallen back to the neutral level of 1, indicating that their average profit has essentially evaporated. Based on recent data, the analyst believes the market is leaning towards "capitulation" and panic selling. In a longer-term bull market, when the SOPR falls into negative territory, it often presents a good buying opportunity. However, the current monthly average does not yet reflect the extreme level of panic, suggesting that the current capitulation trend may continue for several more days until it reaches truly extreme levels. [Original Link]