A closely followed on-chain analyst says that one key indicator is illustrating the strength of Bitcoin’s (BTC) bull market. Pseudonymous on-chain analyst Checkmate tells his 95,600 followers on the social media platform X that the short-term holder spent output profit ratio (STH-SOPR) is signaling a sustained Bitcoin uptrend. The STH-SOPR tracks the profit or loss The post ‘This Is What BTC Bull Markets Are Made Of’ – On-Chain Analyst Says Indicator Flashing Bullish for Bitcoin appeared first on The Daily Hodl .