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Bitcoin Sellers Incur Loss As SOPR Drops To 0.95 – A Sign Of Market Bottom?

  • Short-term Bitcoin investors are incurring losses, suggesting a potential market bottom and trend reversal.
  • The Spent Output Profit Ratio (SOPR) for BTC holders is at 0.95, the lowest since August 2024.
  • BTC has shown signs of a trend reversal after partially filling a long-standing CME gap and reaching oversold levels.
  • Despite varying predictions, BTC is currently trading at $89,826, up 5.3% in the past 24 hours.

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