Bitcoin (BTC) hodlers hoping for a return to the bull run may not have long to wait as a popular indicator gives cause for optimism.

As compiled by on-chain monitoring resource Glassnode, data from the Bitcoin spent output profit ratio (SOPR) suggests that the current BTC price correction is almost complete.

BTC price correction should end “soon”

SOPR tracks what percentage of coins being moved is in profit — in other words, whether hodlers are selling at a profit or loss.