In this week's Glassnode Clips, we analyze SOPR Variants:
- Analysis shows sell pressure from long-term holders and GBTC intensifies as Bitcoin surpasses previous highs, following a cyclical pattern.
- SOPR metrics reveal the profit or loss on coins spent, highlighting a surge in profit-taking, especially by long-term holders during the current cycle.
- The entry of new liquidity through ETFs and media attention leads to accelerated profit-taking, with SOPR metrics peaking, indicating key moments of market tops and transitions.
Discover more in the latest Glassnode Clips below 👇
https://www.youtube.com/watch?v=hXSExzZbY7E&t=2s
Post #866
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