@BOMBERuss 22 June 2021 more from that month

The SOPR on-chain indicator for the first time in the current bullish cycle of BTC has sunk below the 1 mark for a long time. If it fails to recover, this may signal a change in the trend for bitcoin from bullish to bearish. What is SOPR? The Adjusted Spent Output Profit Ratio (SOPR) is an indicator that measures the profit or loss for each single transaction made in the market. It is calculated based on the data on the outputs spent as the difference between the purchase price and the sale price. Accordingly, it demonstrates whether the market as a whole is in profit or loss. A value of SOPR >1 means that market participants profit from the sale of BTC. Accordingly, the coefficient <1 indicates that they incur losses. A steady reading above 1 indicates that the asset remains in a bull market, and its owners rarely sell it at a loss. To maintain this situation, the SOPR indicator can decline to the level of 1, but bounce back from it. #CryptoTrading