menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

11h

read

183

img
dot

Image Credit: Bitcoinist

Bitcoin On-Chain Metric Resets To 1.01 — Here’s Why It Could Spark A Rally

  • Bitcoin's aSOPR (adjusted Spent Output Profit Ratio) remains at 1.01, indicating that market participants are barely making profits on their transactions.
  • Historically, when Bitcoin's aSOPR is above 1.01, it has preceded strong price rallies.
  • If the aSOPR holds above 1.01, it would suggest buyer absorption and renewed market confidence in anticipation of a price rally.
  • On the other hand, if the aSOPR declines below 1.0, it would mean sellers are offloading BTC at a loss, possibly leading to further downward pressure.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app