" #BTC needs to attract new investors to rally higher"

The SOPR Ratio is the value obtained by dividing the SOPR of long-term investors by the SOPR of short-term investors. A value of 1 or higher means that long-term investors have realized more profits than short-term investors, and a sharp increase in value indicates that long-term investors have realized large-scale profits.

Before these moves take place, UTXO ratios for short-term investors in the 1-3 months tend to increase. Long-term investors who realize profits trigger a drop in Bitcoin prices, while short-term investors entering high prices are seen leaving the market or turning into long-term holders.

Recently, the SOPR Ratio has been very high, and most of the 1-3 month short-term investors entering this period are being incorporated into 3-6 month holders with unrealized losses.

Eventually, in the Bitcoin cycle, short-term investors take on the volume of long-term investors and turn them into long-term holders.