In the current market climate, Bitcoin's short-term Spent Output Profit Ratio (SOPR) has entered a zone of indecisive direction, juxtaposed against the sustained bullish momentum of the adjusted SOPR. This divergence underscores a nuanced landscape wherein short-term holders confront losses and potential erosion of confidence. While fluctuations of this nature are not uncommon, particularly during periods of price exploration toward new all-time highs, heightened vigilance is warranted. The persistence of a bullish aSOPR amidst wavering short-term SOPR trends gives rise to the possibility of a rapid downward shift once the aSOPR trajectory reverses.
Written by Phi Deltalytics