Past trend of the Bitcoin long-term holder SOPR (EMA 30) may suggest that BTC holders may face more pain in the coming months.
Bitcoin Long-Term Holder SOPR Has Dropped Below “One” Recently
As explained by an analyst in a CryptoQuant post, BTC investors may be in for a frustrating few months if history is anything to go by.
The “spent output profit ratio” (or SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a profit or at a loss right now.
The metric works by going through the transaction history of each coin being sold on the chain, to see what price it was last moved at.
If the previous selling price of any coin was less than the current value of BTC, then the coin has just been sold for a profit.
On the other hand, the past value being more than the latest price of the crypto would imply the coin has moved at a loss.
When t ..
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