The post Bitcoin Short-Term Holder SOPR Points Upswing appeared first on Coinpedia Fintech News
As the Bitcoin price momentarily spikes above the $73,000 mark, the short-term holder spent output profit ratio, SOPR, currently stands at 1.017. The indicator reflecting a lower value highlights the short-term holders taking moderate profits. SOPR calculates the Bitcoin held over the last 1 hour and 155 days. Historically, a SOPR value of around 1.03 has marked an overheating threshold, suggesting further potential for upside. With the upcoming Presidential elections in the US, the BTC price and the SOPR value could witness a massive upswing.