Bitcoin continues to hover within the $90,000 price range, producing no significant price movement in the last 24 hours. Meanwhile, a subtle on-chain development is indicating a potential change in market trend. STH SOPR Above 1 — Bullish Rebound Or Fakeout? The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is a key on-chain metric that…
Tag: Bitcoin STH SOPR
Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen?
On-chain data shows a Bitcoin indicator is currently retesting a level that has historically acted as a boundary line between bearish and bullish momentum. Bitcoin Short-Term Holder SOPR Is Retesting 1.0 Right Now In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the BTC Spent Output…