📢 Analysis of Yesterday's Declines $BTC #bitcoin
1️⃣ ASOPR Definition: The Adjusted Output Profit Ratio (ASOPR) measures the proportion of spent outputs in profit.
2️⃣ Capitulation Indicator: Values above '1' indicate selling at a profit, while values near 0.93 suggest investors selling at a loss.
3️⃣ Historical ASOPR Behavior: ASOPR acted as resistance during the #Bearmarket and support during the current #Bullmarket
4️⃣ Instances of Capitulation: Significant capitulation occurred on March 7 and March 30, 2023, with investors selling at a loss.
5️⃣ Yesterday's Declines: ASOPR value remained neutral at 0.99, suggesting a normal price correction rather than capitulation.
6️⃣ Importance of Risk Management: Past results do not guarantee future outcomes; prioritize effective risk management
