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The possibility of any more Bitcoin (BTC) selling further seems to be negligible as of the current price levels. The on-chain SOPR (Spent Output Profit Ratio) indicator presented by Glassnode shows that it has reset to 1 after the recent price correction earlier this week.

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The SOPR indicator serves as a proxy to determine the overall Bitcoin (BTC) profit or loss. A ratio of 1 suggests that weak hands are already out of the market thereby…

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