NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Bitcoin SOPR Suggests Current Market Activity Resembles Early Bull Run Behavior

Keshav Verma
Keshav Verma
1 year ago
3 mins read
bitcoin bull sopr

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Despite Bitcoin reaching new highs, the BTC SOPR data may suggest current market activity resembles that of an early bull run.

Bitcoin SOPR Shows Profit Taking Is Mild Despite New ATH

As per the latest weekly report from Glassnode, the BTC SOPR shows that the current profit taking behavior of the market is mild, even though the crypto just reached new highs.

The Spent Output Profit Ratio (or the SOPR in short) is a Bitcoin indicator that highlights whether holders as a whole are currently selling at a profit or not. 

The metric’s value is calculated by taking the ratio between the value of coins at the time holders bought them, and the price at which they sold them. Simply put, it’s price sold divided by price paid.

When the indicator has values greater than one, it means the coins that were moved during the specific time period sold, on an average, at a profit.

Related Reading | 10 Bullish Monthly Bitcoin Price Charts To Start November

On the other hand, SOPR values lower than one would suggest holders sold their Bitcoin at a loss overall during the period. The metric’s value exactly equal to one means the market broke even.

Now, here is a chart that shows the trend in the value of the aSOPR indictor, which is the normal SOPR adjusted to eliminate relay transactions and other noise by not taking into account spent outputs that moved within one hour of creation:

Bitcoin SOPR

The change in the BTC aSOPR over the course of the entire bull run | Source: Glassnode 

As the above graph shows, the current Bitcoin market looks to be showing mild spending behavior with some profits. 

Interestingly, similar market activity was observed in the couple of months leading up to November 2020. Back then, the bull run had only just started and BTC was yet to make a new all-time high.

This time Bitcoin has already made a new ATH, but spending behavior hasn’t shifted to sustained profit taking that was seen throughout the early part of this year. 

Related Reading | Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months

The trend may show that investors are not willing to sell at current levels as they think the price will appreciate further. 

The report notes that positive aSOPR behavior with upwards or sideways price movement like right now can be constructive as it shows the market can absorb the sell side while also maintaining support levels.

BTC price

BTC's price shows a sharp movement up | Source: BTCUSD on TradingView

BTC Price

At the time of writing, Bitcoin’s price floats around $63k, up 2% in the last seven days. The above chart shows the trend in the price of the coin over the last five days.

Featured image from Unsplash.com, charts from TradingView.com, Glassnode.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Action Strong

Bitcoin Price Action Strong – Can Bulls Maintain Momentum?

Bitcoin price is showing positive signs above $114,500. BTC is now consolidating and might rise further if it clears the...

Aayush Jindal 2 hours ago
XRP Dogecoin Cardano price news

XRP, Dogecoin, Cardano Could Lead Explosive Altcoin Rally, Analyst Says

Crypto markets are “on the edge” of a broad altcoin breakout, with XRP, Dogecoin, and Cardano positioned to lead, according...

Jake Simmons 2 hours ago
XRPL

XRPL Prepares Firewall Defense Against Rising Scam Threats

A loose but growing push is under way in the XRP community to build what some people call an “XRP...

Christian Encila 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

avalanche, SEI, Litecoin, Sonic, Fantom, SUI, Dogwifhat, Solana, XRP, ONDO, Injective, ZORA

Avalanche (AVAX) Hits 7-Month High After Key Resistance Breakout – Analysts Eyes $40 Next

Rubmar Garcia 8 minutes ago

Ethereum To $6,800 By Year End? CME Futures Data Shows Record Institutional Demand

Ash Tiwari 1 hour ago
hype-hits-new-high-bitcoin-hyper-layer2-1000x-token-focus-tw

HYPE飆升創新高〡比特幣Layer 2新幣Bitcoin Hyper成下個1000倍幣焦點

Mark Mak 1 hour ago

Premium Sponsors

Press Releases

  • イーサリアム...

    9 hours ago
  • ビットコイン...

    9 hours ago
  • 200日移動平均線への挑戦、市場のセンチメントを探る

    シバコイン...

    9 hours ago
  • ドージコイン 今後の展望:DOGE ETF開始を前に高まる期待

    ドージコイン 今後の展望:DOGE...

    14 hours ago
  • リップル 今後の展望:電気自動車メーカーがXRPステーブルコインを採用、次世代決済網への布石か

    リップル...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.