The price of Bitcoin continues to rise, approaching the $100,000 mark. However, as always, growth is accompanied by a fixation of profits.
Short-term SOPR (Spent Output Profit Ratio) shows the profits of coins held from 1 hour to 155 days. Currently, the 30-day average SOPR has reached 1.02, which usually indicates a possible price correction.
However, if capital continues to flow into the market and investors remain active, the historical trend may be broken and Bitcoin may cross $100,000.
If the correction takes place, it can be a great opportunity for new investors to enter the market.