๐ฆธ๐ปโโ๏ธ 104.5K Profile
๐๏ธ 1.1M Total Collects
๐ฐ 586.5K Total Post
๐ญ 240K Total Comments
๐จโ๐ป 290K Total Follows
๐ 249K Total Mirrors
๐ฐ $21829 Total Collect Revenue
In early November, when $BTC fell from 21K to 15K5, SOPR (Spent Output Profit Ratio) index was less than 1, showing that investors were selling and cutting losses.
However, when BTC sideway around 16K - 17K, the SOPR ratio decreased from 0.97 to 0.87, the lowest since 2020 so far.
This shows that those who sold at a loss at 16K were the ones who bought at the high price.
So who is selling at loss?
According to the Exchange Inflow index, on 18/11, the holders who transferred $BTC to the exchange are:
๐ 26% comes from holders 3~6 months
๐ 35% come from holders 18 months ~ 2 years
๐ Especially 5% comes from holders 3~5 years
๐ The rest are traders and short term holders
Although the market is bearish, Polygonโs Daily Transactions and Active Users numbers have remained stable with 2.75M transactions per day (~ 2 times ETH) and an average of 300K daily users.
@0xPolygon This quarter also marks the milestone of achieving more than 172 M addresses #onPolygon.
The growth of new addresses this quarter is more than Q1 and Q2 combined and also more than @BNBCHAIN and @ethereum.