The SOPR ratio for Bitcoin reaches its lowest level since early 2024

According to BlockBeats, CryptoOnchain announced via social media that the SOPR ratio for Bitcoin has dropped to 1.35, marking its lowest point since early 2024. With Bitcoin's decline to $89,700, this indicator suggests a complete reset of market profitability. The phase of significant profit-taking by long-term holders is shrinking, indicating that selling pressure is nearing exhaustion.$BTC