[Analyst: Bitcoin Long-Term Holders 'Are Surrendering,' Average Holding Cost Around $49,300] BlockBeats News, August 7, CryptoQuant analyst Axel Adler Jr. stated in an article that the spent output profit ratio (SOPR) of Bitcoin long-term holders has dropped to 0.92, suggesting that long-term holders appear to be surrendering. However, Bitcoin's price is still 30% higher than the average cost basis of this group, which is $49,300. The main pressure remains concentrated on short-term holders. [Original Link]