Long-term holders are as steady as old dogs. A SOPR above 1 shows that everyone has finally stopped panicking and cutting losses—68000, see you there.

Bitjie/Coinjie News reports that Bitcoin remains firmly above its long-term support level despite analysts predicting a retest of $70,000, boosting traders’ confidence. On-chain data shows that long-term holders have reduced their selling, and the price has stayed above the 200-week moving average for a full week. Van de Poppe said that if it returns to the $68,000 area, altcoins may rise again, and he refuted claims that it could fall to $40,000. Darkfost pointed out that the long-term cost basis is about $48,000; with the current price near $64,000, holders are still in profit, and profit-taking has dropped to around 32%. The SOPR has risen back above 1, and market sentiment is trending toward neutral.