According to the data, long-term Bitcoin (BTC) investors made profit for the first time in 11 months.
On-chain analytics platform powered by Glassnode data According to long-term Bitcoin holders, with the recent rises, after 11 months break turned into snow. Showing the ratio between profit and loss of long-term Bitcoin holders SOPR Analysts using the data of (The Spent Output Profit Ratio)one” indicated that the score was passed.
Below 1 point according to the data table loss for long-term investors represents the position, while the top means they are profitable. long term investors last before May 2022 was in snow. This chart reflecting the data holding Bitcoin for at least 155 days based on wallets. According to analysts, long-term investors’ profit again is a new challenge. the beginning of the bull cycle may represent.
The SOPR variant with long-term tends to better reflect macro market changes. After nearly 1 year in loss period (LTH-SOPR < 1), long-term investors are finally returning to profitable spending regime, which presents a picture similar to past cycle changes.
According to CoinGecko data in the last 7 days 3.6% rising BTC, at the time of writing from $29,286 is being traded.
