Market Update - $BTC Analysis
Current Situation:
- Today's BTC plunge: -8%
- Novice investors may panic, but the market is influenced by the pending decision on a #BTC Spot ETF in January.
Realized Cap - UTXO Age Bands (%):
- 1D to 1W cohort: 5.65%
- Historical correction point: 8%
- Interpretation: Increase in new investor inflows, not overheating.
Funding Rate:
- #Bitcoin Funding Rate: 0.02%
- Historical overheating level: 0.05%
- Interpretation: Futures market not overheated.
On-Chain Data - Short-Term SOPR
- Current value: 5.65%
- Buy signal: <1
- Interpretation: Indicates a buying opportunity when short-term investors sell at a loss.
Strategy:
- Considering Short-Term SOPR, now at 5.65%, potential buying opportunity identified
- Stay alert for a rebound post-correction.
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