Latest Crypto Market News:

- There was a major adjustment in SOPR (Spent Output Profit Ratio) which shows the realization of profits by short-term holders of BTC (<span months).

- On March 13, SOPR on-chain data showed a move believed to be profit-taking, similar to previous bull market tops.

- This move only occurs once every few years, but is difficult to judge as a signal of a bull market peak given the existence of BTC spot ETFs and the potential for additional fund flows from institutions and individuals.

- After a short-term correction period, it is very likely that we will see a further strong bull run in 2024.

Written by Crypto Dan