Analyst: Bitcoin long-term holder SOPR rebounds above 1, market shifts from weak to neutral

TechFlow reported that on September 15, CryptoQuant analyst CW8900 stated that the Bitcoin Long-Term Holders Spent Output Profit Ratio (LTH SOPR) has risen above 1, indicating that the market is shifting from a bearish phase to a neutral state. Historically, when this metric surpasses 6, it typically corresponds to concentrated profit-taking by long-term holders and cycle peak regions. Currently, this indicator has not yet breached 6 in this cycle. The volume held by long-term investors remains at historical highs, having accumulated steadily leading up to now, which indicates that a large-scale profit-taking phase has not yet materialized.