Does Blockchain Metric Point To An Upcoming Bull Market In Bitcoin?

Recently, a particular blockchain indicator shifted, indicating that selling units of bitcoin held for a certain minimum time frame would turn a profit.

Earlier today, CoinDesk reported that the long-term holder spent output profitability ratio’s (LTH-SOPR) seven-day average surpassed a value of one for the first time since last May, citing data from Glassnode to make this claim.