Originally published at: https://www.channel-sea.cc/bitcoin-data-shows-profit-taking-from-long-term-holders-behind-decline-to-40k-newsbtc/
As the Bitcoin price declines to $40k, on-chain data shows long-term holders have harvested some profits recently. Bitcoin Long-Term Holder SOPR Shows Some Spikes Recently As pointed out by an analyst in a CrypoQuant post, some BTC long-term holders seem to have participated in profit taking over the past day. The relevant indicator here is…