🚨Short-term #Bitcoin investors are taking losses
SOPR (Spent Output Profit Ratio): An index that measures the profit of Bitcoin transactions that have been held for more than 1 hour and less than 155 days.
Currently, SOPR is at 0.95, the lowest since August 2024 when $BTC was accumulating around $54,000.
History repeats itself, so we might be here, or we may have already hit a good accumulation zone and are approaching the bottom of this cycle.
SOPR (Spent Output Profit Ratio): An index that measures the profit of Bitcoin transactions that have been held for more than 1 hour and less than 155 days.
Currently, SOPR is at 0.95, the lowest since August 2024 when $BTC was accumulating around $54,000.
History repeats itself, so we might be here, or we may have already hit a good accumulation zone and are approaching the bottom of this cycle.
