The Long-Term Holder SOPR analyzes the transactions of people who have owned Bitcoin for more than 155 days. If the SOPR value is greater than 1, it means that Bitcoin was sold at a profit, and if it is less than 1, it means that it was sold at a loss. Recently, with the decline in the price of Bitcoin, the SOPR was long. -The number of long-term holders reached 1. This shows that long-term holders are selling Bitcoin close to their purchase price. As a result, the price of Bitcoin is currently in a situation of short-term uncertainty and it is not possible to predict whether it will rise or fall. Opinions on the market are also very different. If the price of Bitcoin continues to fall, even long-term holders may start selling out of fear. Of course, history has shown that after such emotional sales, the price usually rebounds. When we apply the 14-day moving average to the SOPR of long-term holders, it becomes clearer that periods below 1 are often accompanied by prices. Bitcoin Price Rises Today, the SOPR of long-term holders is a downtrend. If it continues to decline, it could halt the rise of Bitcoin price in the short term. However, if we see long-term holders engage in emotional selling, it could provide a good opportunity for price reversion. In short, things are complicated, folks! But if history repeats itself, these emotional sales could promise good publicity. So pay attention to the charts and trade carefully! 🚀💎
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