Analyst: Bitcoin Long-Term Holder SOPR Surpasses 1, Signaling Potential Bull Run

CryptoQuant analyst CW8900 stated that Bitcoin is breaking out of its bottom as the Spent Output Profit Ratio (SOPR) for long-term holders (LTH) has risen above 1. The analyst suggests the market is shifting from a bearish to a neutral phase, marking the start of a broader uptrend. Since the SOPR has not yet reached the historical cycle peak range of 6, the analyst believes the major bull market rally is still ahead.