[Analysis] "Bitcoin Short-Term Investor Realized Profit Ratio Bottoms Rise… Investor Confidence Remains"
Uk Jin
Summary
- The short-term investor's Bitcoin Realized Profit Ratio (SORP) indicator shows only a 20-30% adjustment.
- Bitcoin is still maintaining a solid upward trend.
- Long-term optimism about Bitcoin continues.
Despite the overall decline in the cryptocurrency market on this day, signals emerged that investors still have confidence in the market.
On the 3rd, CryptoQuant contributor Avocado Onchain reported that the Bitcoin (BTC) short-term investor SORP (Realized Profit Ratio) indicator is still showing only a 20-30% adjustment range, indicating that Bitcoin remains in a solid upward trend.
He added, "It can be seen that there are still many investors optimistic about Bitcoin's long-term upward trend, and if there are no special issues, the price adjustment may end in the 20-30% range and rebound again."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
