SimonaD
Long-term investors behaviour
The Long Term Holder Spent Output Profit Ratio is a crucial metric used in analyzing market trends and investor behavior, particularly among long-term investors. A cohort of BTC investors is the “long-term holder” (LTH) group, who hold their coins for at least 155 days before selling. A SOPR trending higher shows profit is being realized, while a downward trending SOPR indicates losses. As we can see in the chart, the Bitcoin long-term holder SOPR (EMA 144) had more spikes since the beginning of March, which means that investors took some profits on the way as the price reached new highs.