The Institutional Bitcoin Sell Off This sell-off is historic in magnitude of losses realized by short term holders. STH-SOPR has only dipped this low on three occasions since 2015:  Feb 2018 start of bear market  Nov 2018 bear capitulation  Mar 2020 COVID sell-off Bitcoin 1st $10K move on a single day! HODL it’s that simple Bitcoin Never Dies! Repo and Reverse Repo Operations