$BTC Bitcoin SOPR has remained above 1 for 3 consecutive weeks since August 19; the current reading is about 1.002.
The current on-chain structure is close to the early stage of a bull market recovery.
However, the Bitcoin price still faces downside risk,
and the SOPR needs to stay above 1 for a longer period and for the price to form higher highs and higher lows,
to provide sufficient evidence that the bear market is over.
#链上指标分析
The current on-chain structure is close to the early stage of a bull market recovery.
However, the Bitcoin price still faces downside risk,
and the SOPR needs to stay above 1 for a longer period and for the price to form higher highs and higher lows,
to provide sufficient evidence that the bear market is over.
#链上指标分析
