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Bitcoin SOPR Ratio Indicates Potential for Continuation of Rally

According to a recent post by CryptoQuant, the SOPR ratio for Bitcoin has been above 1, indicating that the average holder is currently moving their coins at a loss. This suggests that the shift towards a bull market may have occurred, as historically, a breakout above the 1 level implies a shift in market dynamics. The 30-day SMA Bitcoin SOPR ratio has managed to break above the 1 mark during the recent rally, but present values are still not as high as past rallies, indicating potential for the rally to continue. 

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