Bitcoin Holders Resist Selling as BTC Surges 47%

Bitcoin holders are showing little urgency to take profits despite BTCs dramatic 47% rally over the past 24 hours, according to on-chain data shared by cryptocurrency exchange Bitfinex. Bitcoins adjusted Spent Output Profit Ratio (aSOPR) is currently hovering near 1.01, suggesting investors are realizing only modest profits even after the sharp increase in the Bitcoin price.