Top 500 altcoin investors at break-even, selling pressure may rise

The median Spent Output Profit Ratio (SOPR) for the top 500 cryptocurrencies has reached one, indicating a break-even point for investors, on-chain analytics firm Glassnode reported. The firm noted that historically, overall selling pressure has tended to increase in the market immediately after this level is reached, adding that most altcoin investors have been selling at a loss since the end of 2024.