The SOPR Long-Term Holders metric surpasses 2.5 in 2025, reflecting growing profit realization without breaching levels tied to market cycle tops.
Bitcoin trades at $116,962 today with minimal price drop, showing stable conditions as seasoned holders take profits above their cost basis.
CryptoQuant data confirms long-term holders are selling into strength, but the market shows no signs of extreme profit-taking or bull cycle exhaustion.
SOPR long-term holders are realizing growing profits in 2025, but the indicator suggests Bitcoin has not yet reached a macro top.
SOPR Long-Term Holders Enter Active Profit Zone
The SOPR Long-Term Holders (LTH) metric, a key on-chain indicator that measures profit levels of long-standing Bitcoin investors, has reached its highest mark in 2025. According to CryptoQuant, the value now stands slightly above 2.5, pointing to increased selling from holders who accumulated Bitcoin in earlier market cycles.
A post from cryptoquant_com included commentary by on-chain analyst @gaah_im, noting that “when the SOPR LTH reaches the region above 4.0… we have clear signs of a macro top.” However, the chart shows that the current level has not entered the red zone associated with previous market peaks.
https://twitter.com/cryptoquant_com/status/1947369485309972698
This data suggests long-term holders are cashing out at profitable levels but are still holding back from mass distribution. The market appears active, yet not overheated, and there is no historical trigger point signaling an immediate end to the current uptrend.
Market Activity Rises Without Indication of Euphoria
The SOPR Long-Term Holders metric surpassing 2.5 indicates that Bitcoin holders are realizing more than double their cost basis. While this marks a change in behavior from accumulation to profit-taking, the absence of a spike beyond 4.0 shows restraint.
Historically, SOPR readings above 4.0 align with overbought conditions and precede major reversals. The current reading, though elevated, still implies a market in motion rather than nearing exhaustion. Investor behavior reflects a balance between optimism and caution.
The LTH activity supports a scenario where Bitcoin’s bull cycle continues maturing without flashing signs of irrational exuberance. As a result, room remains for further growth, though future corrections are always possible as the cycle progresses.
Bitcoin Price Remains Steady Despite Minor Pullback
Bitcoin was at $116,962 at the time of writing, which was a small decrease of 1.18% in the last 24 hours. Over the past week, the price is virtually unchanged, with a slight dip of 0.07%. This means that a relatively steady price trend was established as the long-term holders started to take gains.
Trading volume remains at $51.8 billion, further reinforcing that investors are continuing to be engaged and active in the market. There has been some profit-taking; however, the lack of panic or steep declines indicates a degree of stability.
As SOPR long-term holders navigate and adjust, SOPR will continue to be an important metric as an indicator in looking to consider the strength and sustainability of the longer-term trend.
