coin-img-ETHETH-4.10%coin-img-BTCBTC-2.83%coin-img-UCNUCN+0.33%coin-img-SOLSOL-4.21%coin-img-XRPXRP-2.79%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-5.12%coin-img-SUISUI-6.97%coin-img-ETHETH-4.10%coin-img-BTCBTC-2.83%coin-img-UCNUCN+0.33%coin-img-SOLSOL-4.21%coin-img-XRPXRP-2.79%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-5.12%coin-img-SUISUI-6.97%coin-img-ETHETH-4.10%coin-img-BTCBTC-2.83%coin-img-UCNUCN+0.33%coin-img-SOLSOL-4.21%coin-img-XRPXRP-2.79%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-5.12%coin-img-SUISUI-6.97%coin-img-ETHETH-4.10%coin-img-BTCBTC-2.83%coin-img-UCNUCN+0.33%coin-img-SOLSOL-4.21%coin-img-XRPXRP-2.79%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-5.12%coin-img-SUISUI-6.97%

Bitcoin SOPR Ratio Falls to 1.35, Lowest Since Early 2024

Bitcoin's SOPR ratio dropped to 1.35 on Dec. 6, the lowest level since early 2024, CryptoOnchain data show. The decline coincided with Bitcoin pulling back to $89,700, signaling a complete market profit reset. Long-term holders' profit-taking phase is subsiding, suggesting seller exhaustion may be approaching. Historical patterns indicate that SOPR retreats to such lows during cooling periods often mark local bottoms, potentially laying groundwork for a healthy uptrend if a reversal materializes.
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