Bitcoin's steady spell in the $30,000 zone has left traders guessing what's next. But might the Spent Output Profit Ratio (SOPR), an underutilized market metric, hold the answer?
Sideways SOPR: A prelude to Bitcoin’s next big move? Sideways SOPR: A prelude to Bitcoin’s next big move?
Discover how Bitcoin's SOPR data reveals potential for next significant price rally.
2 min read
Updated: Jul. 18, 2023 at 5:59 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin's steady spell in the $30,000 zone has left traders guessing what's next. But might the Spent Output Profit Ratio (SOPR), an underutilized market metric, hold the answer?
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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.
