As #BTC declines, negative headlines are increasingly visible on YouTube and news media. This indicates that market sentiment is turning bearish.
This is reflected in the short-term SOPR, which shows the market sentiment of short-term investors, at 0.987, indicating that investors holding for less than 6 months are selling #Bitcoin at a loss. Ironically, historical examples show that when short-term investors experience losses, the market has often shown an upward trend, making it a good time for accumulation.
Considering cycle indicators such as MVRV, NUPL, Puell Multiple, and the short-term investor ratio (currently 60%), we can see that the cycle has not yet reached its peak, and the current correction does not signal the end of the upward cycle.
As short-term investors experience more pain, it often presents better opportunities for accumulation. If there is further decline from the current price, smart investors will likely accumulate the coins sold cheaply by short-term investors. Therefore, selling coins at this juncture might prove to be a very unwise decision.
Written by MAC_D
