BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX By Cointelegraph


(BTC) and most major altcoins are turning down from overhead resistance levels, indicating that the sentiment remains negative and traders are selling on every available opportunity.

Decentrader analyst Philip Swift said that the on-chain spent profit output ratio (SOPR) metric, which aggregates the price of purchase versus price sold during a given period, indicates that traders are selling their Bitcoin holdings for a loss.

Daily cryptocurrency market performance. Source: Coin360