Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows

Bitcoin's long-term holder spent output profitability ratio (LTH-SOPR) shows coins moved onchain that have a lifespan of at least 155 days or higher are being sold at profit. That suggests the bitcoin bear may be behind us.

• 2023-04-28
• profit ratio SOPR James Check market recovery

Bitcoin Miners' Revenue From Fees Rises Suggesting the Onset of Major Bull Run

The two-year Z-score for miner revenue from fees has turned positive after a long time, signaling new waves of adoption. Historically, that has marked beginnings of major bull runs.

• 2023-03-23
• Bitcoin miners transaction fees James Check Bitcoin transaction network demand