The STH SOPR crossed above 1 in January, signaling a bullish trend reversal and has since tested the support twice. Bitcoin has rallied over 68% this year, according to CoinDesk data. At press time, the cryptocurrency was trading near $27,900, having put in a high of $28,441 during the overnight trade, CoinDesk data show.

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• Source: https://www.coindesk.com/markets/2023/05/29/bitcoins-short-term-holders-are-again-selling-at-profit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines