On-chain data shows the Bitcoin Spent Output Profit Ratio (SOPR) has bounced back into the profit zone with the latest rally above $30,000. Bitcoin SOPR Has Successfully Retested 1.0 Support Line According to data from the on-chain analytics firm Glassnode, investors are now selling their coins at a profit. The “SOPR” is an indicator that tells us whether profit-taking or loss-taking is dominant in the Bitcoin market currently. When the value of this metric is greater than 1.0, it means that the profits being realized by the investors are higher than the losses currently. On the other hand, the values
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Author: coinmaker