The Spent Output Profit Ratio (SOPR), a metric used to assess investor sentiment and market resilience in the cryptocurrency market, continues to show patterns as Bitcoin's price trends upward. SOPR values above 1 indicate that long-term holders are selling at a profit, while values below 1 suggest they are selling at a loss. Currently, the SOPR metric remains consistently above 1, indicating that long-term holders are selling profitably without significantly impacting Bitcoin's price. This behavior reflects market confidence and stability. The sustained presence of SOPR above 1 suggests a healthy market dynamic, with long-term holders contributing to a stable price structure. Despite periodic corrections, selling pressure remains controlled and indicates market maturity. However, Bitcoin's price has been decreasing since dropping below $100,000 last week.



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