Bitcoin's struggle to regain the $30,000 mark has left the market anticipating further sideways movements. However, a key on-chain metric suggests a shift in market sentiment... The Spent Output Profit Ratio (SOPR) signals that some market participants are already profiting. But who exactly is driving this profit realization? Short-term holders appear to be selling at a loss while long-term holders are capitalizing on their profits. This contrasting behavior suggests a market in the throes of redistribution, and could potentially...