Bitcoin SOPR shows consistent profit realization despite price pullback

SOPR data confirms spending has consistently occurred in profit, with short-term holders straddling the breakeven line.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin's recent market shifts reveal intriguing patterns. While its price hovers just above a significant $113,000 mark, realized cap increases show a steady rate, overshadowing the gentle chill in trading volume. What's fascinating is the stark dominance of short-term coins, with nearly 95% of activity involving coins younger than three months. Despite this, long-term holders remain mostly unfazed, securely retaining profit amid marginal sales. However, an upcoming decision looms: will short-term holder SOPR hold its ground above 1, maintaining equilibrium, or does a potential fall hint at deeper market changes?