Long term holders metric correlated to RSI

Long-term-holders-metric-correlated-to-RSI

Long Term Output Profit Ratio is a powerful metric that is showing the long term holders movements and behaviours. The long-term holder SOPR ( LTH-SOPR) indicator focuses on coins moved on-chain that have a lifespan of at least 155 days.

We can observe that in the past year when LTH-SOPR exceeds values well above 1 and RSI was over 60, long term holders were selling at profit their coins and those periods have been shown to be local tops.

We can monitor the on-chain indicator as Bitcoin price could be pressured to the downside if the mentioned values are reached and crossed, indicating a possible selling pressure coming from long term holders.