Profit Taking Since July Remains Lower Than During BTC's Rally From January to May

cryptocurrency 2 months ago

New data on bitcoin's adjusted spent output profit ratio (aSOPR), which measures the profitability of spent bitcoin while filtering out short-term trading, reveals profit taking since July has remained significantly lower than during BTC's rally from January to May. Some suggest this signals holders may believe in the continuation of a longer-term bull cycle. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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