Bitcoin SOPR Hits 1.097 as Exchange Inflows Collapse
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- SOPR rose to 1.097 from 0.99, showing coins are being spent at profit, driven by long‑term holders.
- CryptoQuant data shows 97.2% of recent exchange deposits came from short‑term holders, with wallets holding 1‑1,000 BTC accounting for roughly 58% of inflows.
- Axel Adler Jr recorded net BTC inflows of 8,512 BTC over recent days, with spikes on April 27 and April 30, and a near‑neutral net flow of 269 BTC between May 1‑3.
- Ardi notes Bitcoin is retesting breakout liquidity near $79,600, a level that keeps the rally intact toward the next supply zone around $84,000.
- Bitcoin exchange reserves rose by 5,773 BTC week‑over‑week to 2,685,541 BTC, creating a supply overhang that adds pressure if demand slows.
Why it matters: Long-term Bitcoin holders benefit as SOPR 1.097 signals profit spending; short-term holders see reduced sell pressure but face a supply overhang of 2.69 M BTC on exchanges, which supports price near $80k and primes a move toward the $84k supply zone.
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