This chart represents the "asopr" (Adjusted Spent Output Profit Ratio) indicator, illustrated with a 200-day moving average, which shows the extent to which investors in the Bitcoin market are realizing profits.
When the asopr indicator rises above 1, it generally occurs during market uptrends, indicating a higher likelihood of continued price increases. However, historical data suggests that when this indicator approaches 1.08, Bitcoin prices tend to enter a correction phase. Considering past instances where similar patterns were observed, there is a possibility that the current situation might follow the same trend.
Written by 우민규 Woominkyu
