Glassnode: Altcoin Median SOPR Hits Break-Even

Glassnode reports that median SOPR across the top 500 coins has reached break-even at 1.0, the highest reading since BTC traded near all-time highs, triggering heavy selling across the market as typical altcoin holders continue realizing losses since late 2024.

Bitcoin SOPR metric historical values near all-time highs combined with median SOPR across top altcoins now signal renewed distribution pressure that could shape near-term BTC price prediction amid ongoing crypto market selling pressure. On the 4h chart, price at $77462.18 sits just above the EMA200 support at $77385.94 while the EMA50 at $79154.9 acts as immediate resistance; the MACD death cross at -722.79 keeps the trend bearish, RSI at 37.83 remains neutral, and price trades inside the Bollinger Bands with upper resistance at $80044.01 and lower support at $76519.86, suggesting a potential test of the lower band before any sustained recovery.