Bitcoin slips to $83,896 as volume jumps 20% and SOPR falls below 1
- —Price at $83,896, down 3.23% on the day, three of the last five sessions negative
- —24-hour volume at $45.88 billion, up 20.15% amid the selloff
- —SOPR at 0.9971, below 1, meaning coins are moving at a loss
- —BTC dominance rose to 59.02% as active addresses fell to 628,000
Why it matters: Rising volume on a decline and SOPR below 1 point to capitulation by some holders, while climbing BTC dominance shows capital rotating into bitcoin.
Source: TokenPost