Editor's PiCK
[Analysis] "Bitcoin, Long-term Holder SOPR Maintains Above 1... Potential for Increase"
Suehyeon Lee
Summary
- The Bitcoin long-term holder SOPR indicator remains above 1, indicating potential for an increase.
- Maintaining SOPR above 1 signifies selling in a profit state.
- Generally, when the Bitcoin price rises, maintaining SOPR above 1 is analyzed as a positive signal.
An analysis has emerged suggesting that Bitcoin (BTC) has potential for an increase according to the long-term holder SOPR (Spent Output Profit Ratio) indicator.
On the 23rd (local time), CryptoQuant author cryptoavails analyzed, "As the price of Bitcoin rises, the SOPR remains above 1. The stable maintenance of SOPR above 1 indicates potential for an increase."
Meanwhile, the Bitcoin long-term holder SOPR is an indicator that shows whether long-term Bitcoin holders (typically holding for more than 155 days) are selling at a profit or loss. Generally, when the SOPR is above 1, it indicates selling at a profit, and when it is below 1, it indicates selling at a loss.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
