The last 48hrs have seen a series of dramatic events unfold related to FTX and Binance exchanges
In response, we have seen #Bitcoin aSOPR drop to 0.9, signalling the average spender was realizing a 10% loss.
This is as severe as June sell-off, when prices first fell to $17.5k. pic.twitter.com/p2vmhzEy8Y
— glassnode (@glassnode) November 9, 2022
