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Top 500 Altcoins' SOPR Reaches 1.0, Signaling Potential Selling Pressure

GateNews
Market Analysis

According to the latest analysis from on-chain analytics firm Glassnode, the average Spent Output Profit Ratio (SOPR) of the top 500 altcoins by market capitalization has reached 1.0, representing the break-even point for investors.

Glassnode noted that historically, when SOPR reaches this level, selling pressure in the altcoin market tends to increase, as investors who have been holding at break-even point often liquidate positions.

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