Bitcoin long-term holders aren’t cashing out despite new ATH and that’s keeping the rally alive

Bitcoin’s May rally has been met with selective profit-taking by long-term holders, but the broader trend shows a slowdown in their selling. Between March 1 and May 27, the 7-day SMA of long-term holder spent output profit ratio (SOPR) increased from 2. 10 to 2. 22, indicating a mild uptick in realized profits source: https://cryptoslate.com/insights/bitcoin-long-term-holders-arent-cashing-out-despite-new-ath-and-thats-keeping-the-rally-alive/