The SOPR Ratio, which is calculated as long term holders' SOPR divided by short term holders' SOPR, was able to offer a favourable signal for long-term investment, as it had in the previous two cycles in 2015 and 2019. The indicator projected the commencement of a party where the bulls were the hosts after reaching its lowest level since 2019 at roughly 0.53 in December 2022. This index is now getting traction over 1. This move has previously corresponded with bullruns that have remained as happy recollections of the crypto market. It is still impossible to conclude definitively that the party is finished. The bulls will continue to rule the market as long as the SOPR Rtaio continues above the blue line.
Written by Grizzly