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Bitcoin LTH-SOPR indicator breaks through 2, long-term holder activity increases

18/09 20:19
Odaily Planet Daily News Glassnode data shows that the long-term Bitcoin holders SOPR (LTH-SOPR) indicator has surged sharply recently. This metric specifically monitors spending activity for Bitcoins with a lifetime of at least 155 days. LTH-SOPR recently rose above 2, marking the third-largest Bitcoin payout for this investor group this year. The data shows increased activity among long-term investors, hinting at a shift in their investment strategies. This could potentially reflect this group's reaction to market trends and general economic indicators. However, it is important to note that while this data indicates an increase in spending, it does not reveal the exact reasons behind this change. (CryptoSlate)