📊#BitcoinMarket Dynamics: According to Glassnode data, the Spent Output Profit Ratio (SOPR) in 2024 fluctuated significantly, and was near or above 1.0 most of the time, indicating that most transactions were profitable. However, SOPR fell below 1.0 in July and early August, showing that holders sold at a loss during market adjustments. In the long run, SOPR is closely related to Bitcoin price movements. How do you think the market will change in the next few months? Feel free to share your thoughts in the comments section! 🚀#Blockchain#Crypto