CryptoQuant analyst G a a h emphasized that Bitcoin’s current growth phase is healthy and there is still potential for price growth. The analyst said that positive signals regarding Bitcoin’s rise continue and that the Spent Output Profit Ratio (SOPR) indicator supports this growth.
G a a h, especially the STH SOPR indicator, which analyzes short-term investors, stated that there is no extreme optimism (Extreme Greed) environment in the market yet. He stated that this situation shows that there is still enough room for Bitcoin's price to rise. In addition, when SOPR is examined with the 30-day moving average, it is observed that investors realize their profits moderately and there is no excessive enthusiasm in the market.
The analyst recalled that in previous bull cycles, the SOPR indicator experienced sharp corrections after reaching excessively optimistic levels, and that current market conditions show a more balanced and healthy growth process. However, he noted that SOPR's decline into extreme fear zones is typically a sign of accumulation opportunities and bottoms. He emphasized that the indicator is currently in the middle levels, emphasizing that the market is in a transition period and offers an opportunity for further movement.
G a a h stated that this period could be a strategic opportunity for investors, but risk management strategies are very important. He stated that the movements of the SOPR indicator in the coming weeks will give more clear signals about the direction of the market. A rapid transition to the excessive greed region could trigger profit realizations and initiate a possible trend reversal.
Finally, G a a h said that Bitcoin has not yet reached its peak, but investors should act with a balance of caution and optimism.
