Bitcoin's long-term holder Spent Output Profit Ratio (SOPR) remains above 1, indicating that investors are selling at a profit without exerting significant downward pressure on prices. This trend reflects renewed confidence among long-term holders, contributing to market stability despite recent price declines, with Bitcoin currently trading at $93,991. The sustained SOPR above 1 suggests a mature market dynamic, as long-term investors are not hastily offloading their assets.