Bitcoin’s SOPR at a three-year low means this for your investment

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BTC’s SOPR fell to a three-year low. Coins remain idle on the BTC network, and whales have slowed accumulation. The leading coin Bitcoin [BTC] is set to close the trading year within the $16,500 – $17,000 price range, its spent output profit ratio (SOPR) recently clinched a three-year low, CryptoQuant analyst Gaah found on 21 […]

, an asset’s SOPR offers an insight into market-wide sentiment trailing the asset and the degree of profit and losses incurred by its holders over a given period.

When an asset’s SOPR is higher than one within a particular period, it means that those that sold at the current price were at a profit. Conversely, when an asset’s SOPR is less than one within a specified window period, those that sold within that time frame incurred losses.showed. Since 23 November, BTC’s SOPR has returned a value below one, meaning holders that have sold since then saw losses.“The SOPR Ratio below 1.

 

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