Bitcoin SOPR Surge: Signaling Profits & Potential Market Shifts

Recent data reveals a significant surge in Bitcoin’s Long-Term Holder SOPR, highlighting a substantial realization of profits among holders who’ve held their coins for over 155 days. This spike coincides with Bitcoin hitting its historical highs near $124,000 and could signal a shift in market dynamics. While this has not yet impacted Ethereum or other cryptocurrencies, it indicates an evolving trend within the space.