The Bitcoin market has been calm for the better part of May, as prices hover in a relatively stable range between $26,000 and $28,000. However, beneath this seemingly tranquil surface, several on-chain metrics indicate potential shifts in market sentiment and investor behavior. The Spent Output Profit Ratio (SOPR) is a valuable gauge of profitability and […]
Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin
On-chain metrics show that the currently uneventful Bitcoin market could be gearing up for future volatility.
2 min read
Updated: May. 24, 2023 at 3:13 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.