Bitcoin Profit-Taking Has Completed, Top Analyst Reveals

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. Related Reading: Chainlink Becomes Crypto Winner With 21% Rally: Whats Driving This? 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 is a chart that shows the trend in the Bitcoin SOPR over the last few years: The value of the metric seems to have been neutral in recent days | Source: @woonomic on X As is visible in the above graph, the Bitcoin SOPR had spiked to highly positive levels earlier when the cryptocurrency’s price had observed its rally towards a new all-time high (ATH). This would suggest that the investors had been participating in some aggressive profit-taking during this run. From the chart, it’s visible that such a trend was also observed around the start of the 2021 bull run. With the consolidation, the asset has gone through since the ATH, the indicator’s value has also seen a cooldown. As Woo has highlighted in the chart, the metric has now approached the neutral mark. It would appear that two months after the profit-taking peaked, the appetite for harvesting gains has potentially finally disappeared among the investors. The analyst says this is a very healthy reset for the cryptocurrency, especially as the capital inflows have once again been picking up for the coin. Looks like the indicator has gone through a turnaround recently | Source: @woonomic From the chart, it’s apparent that the Bitcoin network flows had been following an overall downward trajectory earlier when the consolidation was taking place, but recently, capital injections into the coin have once again been on the rise. Related Reading: Bitcoin Still Has A Lot Of Room To Run Before Reversal, Says Top Analyst This is a similar trend to what was observed earlier in the year during the crash following the approval of the spot exchange-traded funds (ETFs). The turnabout in capital inflows back then was what led into the rally that took the cryptocurrency to the current ATH. BTC Price Bitcoin had seen a pullback under $66,000 yesterday, raising worries that the recovery surge had already fizzled out. This drop only lasted briefly, though, as the coin has returned above $67,000 today. The price of the asset appears to have been consolidating sideways over the last few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, woocharts.com, chart from TradingView.com

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Bitcoin Short-Term Holders In Extreme Panic And Fear What This Means

It has been an unpredictable few months for the price of Bitcoin and the cryptocurrency market since the start of the year, and even as far back as the election of Donald Trump for his second term as US president. According to data from CoinGecko, the premier cryptocurrency is down by a little over 2% in the past month. While the monthly record suggests that the price of BTC had a relatively stable past 30 days, March was far from calm, as prices fell deeply at the beginning before somewhat stabilizing around the middle of the month. This level of chaos explains why a group of Bitcoin investors is approaching the market with extra caution. BTC Short-Term Holders Exiting The Market In Distress? In a recent Quicktake post on the CryptoQuant platform, crypto analyst IbrahimCosar revealed a shift in the sentiment of a key group of Bitcoin investors over the past few weeks. According to the trader, BTCs short-term holders (STH) are showing an extreme level of panic and fear in the market. Related Reading: Bitcoins Rise Isnt Random: Analyst Reveals Whats Really Fueling BTC Above $85K This on-chain observation is based on the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) metric, which measures the profitability ratio of spent outputs (held for more than 1 hour but less than 155 days). This indicator offers insight into the profitability of the holdings of short-term investors. The STH-SOPR metric shows if short-term holders are selling at a profit, breakeven, or a loss. A value greater than one means that the short-term investors are selling at a profit, while a value less than one for the metric suggests that most short-term holders are selling at a loss. It is worth noting that when STH-SOPRs value is one, it implies that investors are moving their coins at neither a profit nor a loss. According to recent data from CryptoQuant, the STH-SOPR metric has been below the 1 threshold, indicating that short-term holders are offloading their assets at a loss. As highlighted in red in the chart below, this trend of selling at a loss has persisted since the end of January 2025. Historically, this significant level of loss realization is correlated with periods of extreme panic and fear amongst the Bitcoin investors. Periods of extreme panic have been associated with market bottoms, as it means that weak hands (impulsive traders) exit the market and allow long-term investors to accumulate. Ultimately, this means that short-term investors selling their coins could be good for the premier cryptocurrency in the long term. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $83,200, reflecting an over 2% increase in the past 24 hours. Related Reading: XRP Price Eyes 20% Move With Golden Pocket Appearance Featured image from iStock, chart from TradingView

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Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By

If the historical pattern in this on-chain indicator is anything to go by, hopes for the continuation of the Bitcoin rally may still be alive. Bitcoin SOPR Ratio Has Been Going Up In Recent Weeks As an analyst in a CryptoQuant post pointed out, the SOPR ratio has been above 1 recently. The “Spent Output [...]

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Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin

The Bitcoin market has been calm for the better part of May, as prices hover in a relatively stable range between $26,000 and $28,000. However, beneath this seemingly tranquil surface, several on-chain metrics indicate potential shifts in market sentiment and investor behavior. The Spent Output Profit Ratio (SOPR) is a valuable gauge of profitability and […]

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Bitcoin SOPR Bounces Into Profit Zone, What Does This Mean?

On-chain data shows the Bitcoin Spent Output Profit Ratio (SOPR) has bounced back into the profit zone with the latest rally above $30,000. Bitcoin SOPR Has Successfully Retested 1.0 Support Line According to data from the on-chain analytics firm Glassnode, investors are now selling their coins at a profit. The “SOPR” is an indicator that [...]

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Bitcoin long-term holders locking in profits could lead to BTC price pullback

Previous CryptoSlate analysis revealed that the crypto industry is slowly getting out of the bear market.

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Bitcoin aSOPR Again Retests Bull-Bear Junction Level, Will Resistance Break This Time?

Data shows the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is retesting the historical bull-bear junction. Will a break be found this time? Bitcoin aSOPR Is Currently Doing Another Rest Of 1.0 Level As per the latest weekly report from Glassnode, a successful retest here could suggest a meaningful regime shift in the BTC market. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether Bitcoin investors are selling their coins at a profit or at a loss right now. When the value of this metric is greater than 1, it means the average holder in the market is moving coins at some profit currently. On the other hand, values below the threshold imply the overall market is realizing some loss at the moment. The SOPR being exactly equal to 1 naturally suggests that investors are just breaking even on their selling right now. A modified version of this indicator is the “Adjusted SOPR” (aSOPR), which filters out all selling of coins that was done within only an hour of said coins being first acquired. The main advantage of this modification is that it removes noise from the data that wouldn’t have any noticeable impacts on the market anyways. Now, here is a chart that shows the trend in the 7-day exponential moving average (EMA) Bitcoin aSOPR over the last couple of years: The 7-day EMA value of the metric seems to have gone up in recent days | Source: Glassnode's The Week Onchain - Week 3, 2023 As shown in the above graph, the 7-day EMA Bitcoin aSOPR has sharply risen recently and has reached the 1 level for the first time since the pre-FTX crash. This level has been historically significant for BTC, as the crypto has often encountered resistance at it during bear market periods. Related Reading: Why A Morning Star Reversal Could Awaken A Monster Bitcoin Rally The reason behind this is the fact that the aSOPR equal to 1 line represents the break-even mark. Whenever the metric increases to this mark, it means enough holders are back in a state of neutrality that they are able to recoup their investment. Psychologically, investors see this as getting their previously lost money “back” and hence large-scale dumping takes place here, thus providing impedance to the crypto’s price. Related Reading: Glassnode Points Out This Bizarre Consistency In Bitcoin Cycles A successful break above this level would suggest, however, that there is enough demand in the Bitcoin market right now that holders are able to realize their profits and buyers are present to absorb this selling. Because of this, such breaks have usually led to a transition from bear to bull markets. When bull markets take hold, the effect of the aSOPR 1 level flips, and the line instead starts providing support to the price of BTC. BTC Price At the time of writing, Bitcoin is trading around $21,200, up 23% in the last week. Looks like the rally has come to a halt since hitting the $21,000 level | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com

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Why This Bitcoin Bearish Divergence Could Spell Doom For BTC Rally

A quant has explained how this bearish divergence in Bitcoin on-chain data can lead to a short-term correction in the price. Bitcoin Short-Term Holder SOPR Has Been Slowing Down Despite Price Going Up As explained by an analyst in a CryptoQuant post, a gap has been forming in the purchasing power of short-term holders and the BTC price. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether investors in the Bitcoin market are selling their coins at a profit or at a loss right now. When the value of this metric is greater than 1, it means the overall market is realizing some amount of profit currently. On the other hand, values below the threshold suggest the average holder is seeing some loss at the moment. Naturally, the indicator at exactly equal to 1 implies the investors are just breaking-even on their investment. Related Reading: Ethereum Active Addresses At Highest Since May 2021, Good News For ETH? The “short-term holder” (STH) group is a Bitcoin cohort that includes all investors who bought their coins less than 155 days ago. The STH SOPR thus measures the profit ratio of selling being done by these holders. To properly assess the behavior of this group, the analyst is using a “rate of change” (ROC) oscillator for the indicator. Here is a chart comparing this momentum oscillator with the BTC price over the last few months: Looks like the metric has been going down in recent days | Source: CryptoQuant As the above graph shows, the ROC of the Bitcoin STH SOPR had been in deep red when the FTX crash took place, suggesting that these investors capitulated during it and realized a large amount of loss. However, as the BTC price has slowly improved from the lows, the ROC has become green. This implies that the STHs who bought during the lows have been selling for profits, leading to a rising SOPR. Bitcoin has continued to see an uptrend recently, but strangely, the STH SOPR ROC has been dropping off. This could be a sign that not many STHs were able to buy during these lows, hinting that their purchasing power is low at the moment. If they had been buying through this rally, they would have continued to harvest more and more profits as the price goes up, but that has clearly not been the case. Related Reading: Bitcoin Price Crystal Ball – What Happens To BTC After Christmas 2022? Such a divergence also formed in the relief rally seen earlier in the bear market, as the quant has marked in the chart. “Last time, this situation led to a bearish correction,” notes the analyst. “If this alignment repeats, then this time, Bitcoin may correct to the $16,500-$17,000 range.” BTC surges up | Source: BTCUSD on TradingView At the time of writing, Bitcoin’s price floats around $17,700, up 5% in the last week.

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Bitcoin flashes another bottom signal as aSOPR hits lowest since 2018

The  Adjusted Spent Output Profit Ratio (aSOPR), a metric that indicates whether holders are selling at a profit or loss, recorded a downward trajectory below the 1-level, which suggests investors are selling their positions at massive losses.  According to CryptoSlate analysis, the aSOPR provided by Glassnode usually signals the transition to a bull market when […]

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This Historic Bitcoin On-Chain Support Level Is Still Not Lost

On-chain data shows the historical 20-Day MA Bitcoin aSOPR support level has continued to hold so far. Bitcoin 20-Day MA aSOPR Rebounds Off Historical Support Line As pointed out by an analyst in a CryptoQuant post, the BTC aSOPR recently retested its 8-year old support. The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether the average Bitcoin investor is selling at a profit or at a loss right now. When the value of this metric is greater than 1, it means the overall market is moving coins at some profit currently. On the other hand, values of the indicator less than the threshold suggest holders as a whole are realizing some loss with their selling at the moment. Naturally, SOPR values exactly equal to 1 imply the investors are just breaking even on their investment right now. Related Reading: Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resistance “Adjusted SOPR” (aSOPR) is a modified version of this metric that excludes from the data any selling of coins that was done within 1 hour of first acquiring said coins. Here is a chart that shows the trend in the 20-day moving average Bitcoin aSOPR over the last several years: Looks like the 20-day MA value of the metric has sharply declined in recent days | Source: CryptoQuant As you can see in the above graph, the 20-day MA aSOPR rapidly went down following the FTX crash, and touched a low of 0.93 just a week or so ago. This level was the same as the one seen during the lows of the previous bear markets, and each of the touches in those bears launched the metric back up. The support line has now been active since 2014, and in the 8 years so far the indicator has never seen any actual dip below it. Related Reading: Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear On The Bear Market? Since the retest of this support level a week ago, the metric has already bounced back up, suggesting that this important support line is still holding right now. However, it’s uncertain whether this successful retest means the bottom is now in. Back In the 2018/19 bear, it was indeed the case, but in 2014/15 it took two touches of the line before the real bottom formed. BTC Price At the time of writing, Bitcoin’s price floats around $16.8k, up 3% in the last week. Over the past month, the crypto has lost 18% in value. The below chart shows the trend in the BTC price over the last five days. The value of the crypto seems to have been moving sideways since the surge | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Bitcoin Declines Slightly As Short-Term Holders Take Profits

After surging to as high as $20.9k, Bitcoin has today observed a slight decline back into the low $20k levels as a result of profit taking from short-term holders. Bitcoin Short-Term Holder SOPR Has Been Elevated Over The Past Two Days As pointed out by an analyst in a CryptoQuant post, the short-term holders seem to be using the latest price rise for profit taking. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether the average investor is selling Bitcoin at a profit or at a loss right now. When the value of this metric is greater than 1, it means the overall market is realizing some amount of profit currently. On the other hand, values below the threshold suggest the holders as a whole are selling at a loss Naturally, values of the SOPR exactly equal to one suggest that the investors are just breaking even on their selling at the moment. Related Reading: Why Crypto Market Fear Mirrors Lull In Volatility Now, there is a cohort in the Bitcoin market called the “short-term holders” (STHs), which includes all investors who have been holding their coins since less than 155 days ago. Here is a chart that shows the trend in the BTC SOPR specifically for this holder group over the last couple of weeks: The value of the metric seems to have spiked up in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin STH SOPR has been elevated above the 1 level during the last two days or so. This rise has coincided with the BTC price finally surging up after moving sideways around $19k for a long while. This suggests that these investors are using this opportunity to harvest some profits. Related Reading: The Inverted Bitcoin Chart Bears Don’t Wanna See | BTCUSD Analysis October 27, 2022 Such profit-taking is generally bearish for the price of the crypto, and as the chart displays, there were three instances of this kind of trend during the past two weeks. All of those profit realization sprees from the STHs resulted in the price going back down after a short-term rise. This time as well the BTC price has gone down from its high of $20.9k to as low as below $20.1k. before retracing back up some to the current level. BTC Price At the time of writing, Bitcoin’s price floats around $20.5k, up 8% in the last seven days. Over the past month, the crypto has gained 7% in value. Below is a chart that shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has gone down over the last couple of days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Research: The Merge is causing a divergence between Ethereum and Bitcoin SOPR

The overall market sentiment is usually determined by looking at long-term market behavior.

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This On-Chain Indicator Suggests Bitcoin Still Only 1/3rd Into Bear Market

The Bitcoin long-term holder SOPR may suggest that the crypto has still only gone one-third of the way through the latest bear market. Bitcoin 20-day SMA Long-Term Holder SOPR Has Only Been 86 Days Into Bottoming Zone As pointed out by an analyst in a CryptoQuant post, the crypto is still only 1/3rd of the way into the 260 days average historical bottoming period. The relevant indicator here is the “Spent Output Profit Ratio” (or SOPR in brief), which tells us about whether the average Bitcoin investor is selling at a profit or at a loss right now. The metric works by looking at the history of each coin being sold on the chain to see what price it was last moved at. If this previous selling price was less than the latest BTC value, then the coin has just been sold at a profit. While if the last value was more than the current one, then that particular coin realized some loss. When the value of the SOPR is greater than one, it means the market as a whole is selling at a profit right now. Related Reading: Bitcoin Funding Rates Turn Positive, Why The Rally May Not Be Over On the other hand, the indicator being less than one implies the average holder is moving coins at a loss at the moment. The “long-term holders” (LTHs) is the Bitcoin cohort that includes all investors who have held onto their coins for at least 155 days without selling or moving them. Now, here is a chart that shows the trend in the BTC SOPR (20-day MA) specifically for these LTHs over the the last several years: Looks like the value of the metric has been pretty low recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin LTH SOPR (20-day SMA) dipped below the “one” mark a while back. Also, in the chart the quant has marked all the relevant zones of trend for the indicator in relation to the bear market. Related Reading: Here’s What Bitcoin Institutional Inflows Says About The Month Of July It seems like historical bottoming periods have lasted whenever the metric has been stuck below the breakeven point. On average, past bear markets have lasted around 260 days based on the LTH SOPR. In the current cycle, the coin has so far been 86 days into the bottoming zone. This would suggest that if Bitcoin ends this bear market in about the same time as the average, then the crypto is still only one-third of the way through. BTC Price At the time of writing, Bitcoin’s price floats around $23k, down 2% in the last week. Over the past month, the coin has gained 13% in value. The value of the crypto seems to have been moving sideways during the last few days | Source: BTCUSD on TradingView Featured image from mana5280 on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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What SOPR Can Tell Us About Bitcoin Market Sentiment

A key indicator to track on-chain bitcoin spending behavior and current market sentiment is the Spent Output Profit Ratio (SOPR).

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Bitcoin Near Crucial Retest: Which Of These Historical Patterns Will Repeat?

On-chain data shows a Bitcoin indicator is near a crucial retest currently that may decide where the cryptocurrency will go next from here. Which Pattern Will Bitcoin Follow Next: 2016 Or 2019? As pointed out by an analyst in a CryptoQuant post, the BTC SOPR for short-term holders is approaching the baseline. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether Bitcoin investors are selling/moving their coins at a profit or at a loss right now. When the value of this metric is greater than 1, it means that the average holder in the market is realizing some amount of profit with their selling currently. On the other hand, values below this threshold suggest loss taking is the dominant force in the market at the moment. Naturally, the SOPR being exactly equal to the 1 baseline implies the total amount of profits being realized are exactly canceling out the amount of losses as the market as a whole is neutral. This SOPR is for the entire Bitcoin market, but in the context of the current discussion, the relevant version of the metric is the one for just a single segment of the market: the “short-term holders” (STHs). The STH group includes all the investors who purchased their coins less than 155 days ago. This cohort generally includes the weak hands of the market, who may easily react to fluctuations in the market. Now, here is a chart that shows the trend in the 90-day and 365-day moving averages (MAs) of the Bitcoin STH SOPR over the last few years: Looks like both the metrics have been above the baseline in recent days: Source: CryptoQuant As displayed in the above graph, the 90-day MA of the Bitcoin STH SOPR (colored in yellow) broke out above the 1 baseline back when this rally first started around the beginning of the year. This breakout suggested a shift towards profit selling for these investors, something that has historically been observed in all previous major rallies in the cryptocurrency. With the latest leg in the Bitcoin rally above the $30,000 mark, the 365-day MA of the indicator (highlighted in blue) has also managed to climb up above this mark. Related Reading: Bitcoin Exchange Inflow Spikes, Is This Bearish? While this has been happening, though, the 90-day MA has actually been heading down and is now about to cross below the 365-day MA as it approaches the 1 baseline. In the chart, the quant has marked the two previous instances where a trend similar to this had formed for the asset. It looks like back in 2016 when the 90-day MA had retested the 1 mark after a similar structure had taken shape, the metric had found support at the break-even mark. This rebound kept Bitcoin going and the coin eventually built up into a bull market. In 2019, though, the retest of the 90-day MA STH SOPR failed and a bearish trend once again took over the coin. It wouldn’t be until 160 days later that bullish sentiment returned and the rally happened. Related Reading: Bitcoin Has Broken This Open Interest Pattern, Quant Explains As the current Bitcoin market looks to be in a similar spot as these two historical occurrences, it’s possible that it may follow the lead of one of these. It now remains to be seen, as to which of these patterns the asset might exhibit this time. BTC Price At the time of writing, Bitcoin is trading around $30,300, down 1% in the last week. BTC has surged during the past day | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Sideways SOPR: A prelude to Bitcoin’s next big move?

Bitcoin’s price has been a study in tranquility since it broke through the $30,000 level, setting a tight trading range between $30,000 and $31,000 for most of July. This period of low volatility has left many traders and analysts uncertain about future price movements. However, on-chain data, specifically the Spent Output Profit Ratio (SOPR), may […]

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This Bitcoin Metric Is At A Crucial Junction, Will Bulls Find Victory?

On-chain data shows a Bitcoin indicator is currently retesting a crucial level that could decide the direction the market takes from here. Bitcoin Short-Term Holder SOPR Has Plunged To A Value Of 1 As pointed out by an analyst in a CryptoQuant post, the short-term holders are currently selling at their break-even mark. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether Bitcoin investors are moving their coins at a profit or at a loss right now. When the value of this metric is greater than 1, it means the average holder in the market is currently selling their coins at a profit. On the other hand, the indicator having values below this threshold suggests the market as a whole is realizing a net amount of loss. The level at which SOPR becomes exactly equal to one implies that the loss realization is exactly equal to the profit realization right now, and hence, the average investor is just breaking even on their investment. In the context of the current topic, the entire market isn’t of interest; only a segment of it: the “short-term holders” (STHs). The STHs include all BTC investors that bought their coins within the last 155 days. Now, here is a chart that shows the trend in the 14-day moving average (MA) Bitcoin SOPR specifically for these STHs over the last few years: The value of the metric seems to have been going down in recent days | Source: CryptoQuant Historically, the Bitcoin STH SOPR has followed a curious pattern. During bullish periods, the indicator has generally stayed above the line where the metric’s value becomes 1. This makes sense, as rallies allow the STHs many profit-taking opportunities, so the majority should be selling at some gains. Related Reading: PEPE Unlikely To Be As Big As DOGE & SHIB, Says Santiment What’s actually interesting, though, is that whenever the metric has dropped to the 1 line, it has provided support to the price (and has also made the indicator rebound back above it). Examples of this have been marked with the green arrows in the graph. As already mentioned before, the 1 line signifies the level where the average STH is just breaking even, meaning that they are selling at the price at which they acquired their coins, that is, their cost basis. The reason why this level acts as support during bullish trends is that the investors see their cost basis as a profitable buying opportunity (since they believe the price would go up in the near future). So, a large amount of buying takes place here. Related Reading: Aura Around PEPE Isn’t Good For The Market, Especially Bitcoin – Here’s Why In bear markets, the opposite behavior is seen; the level acts as resistance to the price since selling tends to happen at it. Because of this pattern, the indicator’s behavior about the 1 level can provide hints about whether a bullish or a bearish regime is active currently. Recently, the indicator has once again dipped to this crucial level. If the Bitcoin rally is still on right now, then the Bitcoin STH SOPR should observe a rebound here. This has already happened once during this rally, as the price felt support at this level back in March. If, however, the retest ends up failing, then it may mean that a transition back to a bearish period may have occurred for the cryptocurrency. BTC Price At the time of writing, Bitcoin is trading around $27,000, down 2% in the last week. Looks like BTC has been moving sideways recently | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, CryptoQuant.com

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Strong Bitcoin Rise Expected Within 1-2 Months, Quant Explains Why

A quant has explained how Bitcoin may be expected to see a strong rise in the coming months based on a golden cross that has occurred in this indicator. Bitcoin SOPR Has Just Witnessed A Bullish Crossover As an analyst in a CryptoQuant Quicktake post pointed out, the Bitcoin Spent Output Profit Ratio (SOPR) has shown a [...]

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Bitcoins Key SOPR Metric Holds Steady: Are Long-Term Holders Eyeing Higher Prices?

Bitcoin has continued to see declining performance in recent days with on-chain metrics offering valuable insights into market behavior. Among these metrics, the Spent Output Profit Ratio (SOPR) for long-term holders has particularly emerged as a critical tool for assessing investor sentiment and market resilience. Long-term holders, defined as investors holding Bitcoin for over 155 [...]

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Why are short-term holders HODLing instead of taking profits?

Bitcoin’s sustained price level above $30,000 has Brough about a noticeable shift in market behavior, particularly among short-term holders. Short-term holders (STHs), or those who have held Bitcoin for less than 155 days, play a crucial role in market analysis. Their behavior often provides insights into market sentiment and potential price movements. Typically, they are […]

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