Bitcoin Sees Significant Profit-Taking by Short-Term Holders

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The digital currency, which is currently trading at $68,740.53, has shown remarkable resilience and growth over the past months. The Spent Output Profit Ratio has indicated a significant movement that parallels profit-taking trends observed during the peaks of past bull markets.The analysis of the SOPR metric reveals that short-term BTC holders have been actively taking profits, a movement likened to the peaks of previous bull markets.

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