Analyst: The current Bitcoin short-term holder SOPR indicator is below 1.00, indicating the market is in a state of realizing losses.
Jinse Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis stating that the Bitcoin short-term holder SOPR indicator can reflect whether short-term holders (STH) are selling at a profit or at a loss. Currently, the indicator reading is below 1.00, indicating that the market is in a state of realizing losses and short-term demand is weak.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XMAQUINA to conduct $DEUS TGE through proposal, with 110 million DEUS allocated for the final round of presale
Sui Network: Native wBTC is now cross-chain interoperable on Sui
The US spot Solana ETF saw a net inflow of $19.2 million over the past week.
Uniswap founder: Uniswap CCA's first auction has ended, with bids reaching $59 million
Trending news
MoreCrypto prices
More
