Bitcoin long-term holders amp up activity as LTH-SOPR metric surges

exchange68September 12, 2024

0 1 1 minute read

Quick Take

A recent surge in the Long Term Holder SOPR (LTH-SOPR) metric, which specifically monitors Bitcoin outputs with a lifespan of a minimum of 155 days, provides an intriguing view into the activities of long-term Bitcoin investors.

LTH-SOPR recently spiked above 2, marking this as the third most significant spend of Bitcoin by this investor group within the current year. This data indicates an amplified level of activity among long-term investors, hinting towards a shift in their investment strategies.

This may potentially reflect their response to market trends and economic indicators at large. However, it’s essential to note that while this data points towards increased spending, it does not disclose the exact reasons behind such movements. Future data and trends may help decipher whether this is a one-time surge or part of a broader, more strategic pattern.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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