Bitcoin: Long term holders under pressure, final bear market phase 📉 The LTH SOPR shows it clearly: 30 day average at 0.96 (below 1 means losses). The final phase of every bear market is starting, first short term holders, now the old hands. The pattern repeats: when long term holders consistently realize losses, it becomes interesting for accumulation. BTC at $71,813, it could go lower and take longer. The yearly SOPR is still at 1.71 (inertia of long term data). Once that also turns, the real capitulation phase begins.