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In the past week, spent output profit ratio (SOPR) data showed the market was in a profit-taking phase, influenced mainly by long-term holders. Between Sept. 6 and Sept. 13, Bitcoin’s spike from $53,900 to $60,500 was accompanied by an increased adjusted SOPR (aSOPR), indicating that coins spent during this period were sold at a profit. […]
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Go here to Read this Fast! SOPR shows long-term holders are taking profits
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SOPR shows long-term holders are taking profits
