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Bitcoin Faces Elevated Downside Risk as STH SOPR Falls Below 1

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BTC
$88,292.200.06%
Bitcoin’s risk appetite has weakened as on-chain data shows the STH SOPR dropping below 1. Short-term holders are in the red, raising the chance of further selling. BTC struggles to hold recent gains, with the 200-day MA near $86,000–$88,000 now in focus. A close below this level could trigger deeper losses. On-chain data continues to highlight growing downside pressure.
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