[Data: Bitcoin SOPR ratio drops to 1.35, market profitability has undergone a complete 'reset'] According to CryptoOnchain data, the Bitcoin SOPR ratio has dropped to 1.35, marking its lowest level since early 2024. As BTC retraced to $89,700, this indicator shows that market profitability has undergone a 'thorough reset.' The large-scale profit-taking phase by long-term holders is weakening, indicating that selling momentum is fading. Historically, when SOPR falls to similar low levels, it often signals the formation of a local bottom and a cooling of market sentiment. If a reversal begins from the current position, it could lay the foundation for the next healthy upward trend.