
25/07/2025
Bitcoin Holders Start Selling Off: Is a Reversal Coming?
According to data from CryptoQuant, long-term Bitcoin holders have begun selling to take profits over the past 24 hours.
The Spent Output Profit Ratio (SOPR), which measures the level of profit when Bitcoin is sold, has exceeded 2.5, the highest level in 2025. However, the SOPR has not yet reached 4, a threshold that historically signals local price peaks (as seen in 2021). This indicates that even though Bitcoin’s price is only about $5,000 away from its all-time high, long-term investors have not completely exited the market. This is a positive signal, suggesting that Bitcoin still has short-term growth potential.
On the other hand, the Binary Coin Days Destroyed (Binary CDD) indicator has recorded a value of 1, indicating that selling activity is still ongoing. If this trend persists, Bitcoin may face downward pressure from the current range (~$123,000).