Bitcoin On-Chain Signal Points to Potential Market Bottom
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4 Articles
coin-turk.com
BITRSS🚨 Bitcoin's SOPR ratio has fallen below 1, and the bottoming debate has gained strength again. 📉 CryptoQuant analysts reported that large investors are selling at a loss and interest remains weak. 🐋 It is assessed that the supply of $BTC has passed into the hands of more patient buyers during this process. 🔍 For a sustained recovery, the SOPR ratio is expected to rise above 1 again. Read More: Bitcoin's SOPR ratio falls below 1, bottoming si…
Bitcoin On-Chain Signal Points to Potential Market Bottom
A rare Bitcoin on-chain signal has emerged, suggesting the cryptocurrency market could be approaching the end of its prolonged downturn despite growing signs of investor capitulation. CryptoQuant analyst Crypto Dan highlighted a sharp decline in the Bitcoin LTH-SOPR/STH-SOPR ratio, an indicator comparing the profitability of long-term holders with that of short-term investors. The ratio has fallen below the critical 1.0 level, a development that…
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