Bitcoin STH SOPR Breaks Above 1 For First Time Since December

Bitcoin STH SOPR Breaks Above 1 For First Time Since December

On-chain data shows the Bitcoin short-term holder SOPR has broken above one for the first time since December 2021. Bitcoin Short-Term Holders Return To Profit Once Again As pointed out by an analyst in a CryptoQuant post, the BTC STH SOPR has once more broken past the “one” barrier. The “Spent Output Profit Ratio” (or SOPR in short) is a Bitcoin indicator that tells us whether coins selling right now are selling at a profit or a loss. The metric works by looking at the price history of each coin being sold on the chain to see what price it last moved at. If the....


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