Supply Absorption ‘key Question’ as Bitcoin Fails to Reclaim $80K: Analysis

Key points: Older Bitcoin investors reactivate around 14-week highs Data from onchain analytics platform CryptoQuant reveals that older coins in particular moved onchain as BTC/USD gained more than 25% over the past week. The spent output profit ratio (SOPR), which is the

Key points: Older Bitcoin investors reactivate around 14-week highs Data from onchain analytics platform CryptoQuant reveals that older coins in particular moved onchain as BTC/USD gained more than 25% over the past week.

The spent output profit ratio (SOPR), which is the ratio of the current value of recently spent UTXOs to their value at creation, ticked up to 1.48 on Aug. 22, indicating increased onchain activity involving in-profit coins

Bitcoin LTH-SOPR.

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