This market observation centers on the Spent Output Profit Ratio (SOPR) metric, which evaluates the profitability ratio of spent outputs for both long-term and short-term holders. This on-chain indicator evaluates whether market participants are selling their assets at a profit or at a loss.<\/p>\n
Typically, when the Bitcoin Spent Output Profit Ratio has a value greater than 1, it indicates that the investors are selling at a profit. On the flip side, an SOPR value less than 1 implies that the market participants are offloading their coins while in the red.<\/p>\n
![\"Bitcoin\"](\"https:\/\/pbs.twimg.com\/media\/G7d3yxlXUAAKckv?format=jpg&name=large\")
According to CryptoOnchain, the Bitcoin SOPR has now fallen to 1.35, its lowest level since early 2024. The market analyst noted that this metric\u2019s latest movement suggests a complete reset in market profitability, especially as the price of BTC slid beneath the $90,000 mark.<\/p>\n
Furthermore, CryptoOnchain highlighted that the heavy profit-taking phase by long-term holders appears to be coming to an end, as exhaustion and fatigue increasingly spread among the bears. From a historical perspective, the SOPR metric falling to this low signals a local bottom is forming for the BTC price, especially as the market cools down.<\/p>\n
Ultimately, CryptoOnchain revealed that a price rebound at this point could set the stage for Bitcoin\u2019s next healthy upward rally.\u00a0<\/p>\n
Bitcoin Price At A Glance<\/b><\/h2>\n
As of this writing, the price of BTC stands at around $89,500, reflecting no significant changes in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down by nearly 2% in the last seven days.\u00a0<\/p>\n
With the price of Bitcoin down year-to-date and from its all-time high of $126,080 by roughly 5% and 30%, respectively, the market leader looks set to end 2025 in the red\u2014barring a sudden change in market momentum.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Following a fresh wave of bearish pressure on Friday, December 5, the price of Bitcoin has struggled beneath the psychological 90,000 level for much of the weekend. However, the latest on-chain data suggests that the premier cryptocurrency might be readying for its next healthy upward move. BTC SOPR Drops To Lowest Level Since Early 2024…<\/p>\n","protected":false},"author":1,"featured_media":8660,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[65,111,108,73,112,113,71],"class_list":["post-8659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=8659"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8660"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}