This wave of long-term Bitcoin holders' SOPR indicators fell to the low of this bull market

Bitcoin Long-Term Holder SOPR stands for Long-Term Holder Spent Output Profit Ratio. It is a Bitcoin on-chain metric that calculates the profit ratio when selling Bitcoin for addresses that have held for more than 155 days, defined as long-term holders. Specifically, the metric is assessed by comparing the ratio of the selling price of these long-term holdings to the initial acquisition price: if the LTH-SOPR is greater than 1, it indicates that the long-term holder is selling at a profit; equal to 1, indicating breakeven; less than 1, it means selling at a loss
This metric reflects the market behavior and overall market sentiment of long-term holders. For example, when the LTH-SOPR is high, it may indicate that long-term holders are locking in profits, suggesting that the market may be at the top of a bull market or in an overheated phase; Conversely, when it is low (especially below 1), it indicates that long-term holders are selling at a loss, potentially signaling a market bottom or the end of a bear market, helping investors gauge potential buying or selling #参与创作者认证计划月领$10,000 #美联储降息预测