Bitcoin (BTC) Price Risks 12% Drop as Long-Term Holders Book Profits

Bitcoin price may be holding above $117,500, but under the surface, signs of a potential pullback are mounting. On-chain signals from long-term holders and whale activity are in sync with key price action levels, and if history is any guide, this confluence could trigger a healthy correction in the days ahead. Long-Term Holder SOPR As The Silent Exit Signal The Spent Output Profit Ratio (SOPR) for long-term holders, those holding BTC for more than 155 days, is showing consistent signs of profit-taking. As of July 21, the Long-Term SOPR stood at 1 source: https://beincrypto.com/bitcoin-price-risks-12-drop-as-long-term-holders-book-profits/