★Bitcoin LTH Data Turns Cautious: Supply Rises, But SOPR Stays Below 1.0
"Long-term Bitcoin holders are adding to their stash, but they're selling at a loss, which is usually a sign of market weakness. This means the recent price rally isn't convincing these experienced investors to take profits, signaling potential caution ahead for Bitcoin."
The Big Coin Report Take
Bitcoin's long-term holders are increasing their supply, yet their profitability gauge (SOPR) has slipped back below 1.0. This signals a cautious market structure, as these experienced investors are realizing losses or breaking even on their recent sales, rather than significant profits. The key data point is the LTH SOPR falling below 1.0. Moving forward, watch if the LTH SOPR can recover above 1.0, which would indicate renewed profitability and potentially stronger conviction from this influential cohort.
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