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SOPR Ratio reaches lowest value in 3 years
Long-Term Holders to Short-Term Holders ratio reaches lowest value since February 2019, around 0.53 A lower value of this ratio means lower profit from Long Term Holders(LTH) over Short Term Holders(STH) Values below 1.00 implies that more Short Term Holders are making a profit relative to Long Term Holders. Historically values below 1.00 occur during bear markets, and investors have been rewarded by setting up positions to enter the market. In the current trend that Bitcoin's price finds itself in, a clear bear market, the SOPR Ratio below 1.00 making new lows could mean that investors are realizing a loss and/or coins that remain cost based on profit are not being spent. However, when this ratio returns above the 1.00 value it is possible to witness a new bull market again, as historically this behavior has been presented at least 3x.