An analyst has explained how profit-taking looks to have finished for Bitcoin in what has been a “very healthy reset” for the market.
Bitcoin SOPR Suggests Profit-Taking From Investors Has Cooled Off
In a new post on X, analyst Willy Woo has discussed about the latest trend occurring in the Bitcoin Spent Output Profit Ratio (SOPR). The SOPR is an on-chain indicator that basically tells us about whether the Bitcoin investors as a whole are selling their coins at a profit or loss right now.
When the value of this metric is greater than 1, it means that the average holder in the sector could be assumed to be moving coins at some net profit currently. On the other hand, the indicator being negative implies loss realization is the dominant mode of selling in the market.
Naturally, the SOPR being exactly equal to 1 suggests the total profits being realized are exactly equal to the losses at the moment and thus, the investors are just breaking-even on their selling.
Now, here
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-profit-taking-completed-top-analyst-reveals/
