Bitcoin SOPR Ratio Drops to 1.35, Hinting at Local Bottom as Profit-Taking Fades and Selling Pressure Nears Exhaustion

COINOTAG News, citing CryptoOnchain, reported that the SOPR ratio for Bitcoin declined to about 1.35, the lowest reading since early 2024. With Bitcoin hovering near $89,700, analysts describe the move as a profit-taking reset.

As an on-chain metric derived from the Spent Output Profit Ratio, the SOPR ratio gauges whether market activity is tilt toward profits or losses. A reading at this level implies profit-taking is cooling and near-term selling pressure may ease.

Historically, cooling phases in markets have seen the SOPR ratio dip to these troughs before a local bottom forms. If a reversal materializes, it could lay the groundwork for the next orderly uptrend.

Traders should view the SOPR ratio within a broader on-chain context, combining it with liquidity signals and price action to assess risk without overreliance on a single indicator.