$BTC
BTC
101,953.73
-1.34%
Historically, the increases in the realized profit ratio of long-term Bitcoin holders (LTH-SOPR) have coincided with distribution phases, where seasoned investors begin to sell their holdings before potential declines. However, Aleman wrote that "the market is still far from its cyclical peak."
This can be attributed to the ongoing positive funding rate for Bitcoin. This stands at 0.0025% at the time of publication, indicating high demand for long positions among futures market participants.
