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BTC Bitcoin SOPR breaks through 11-month downward trend
According to CryptoQuant analyst Crypto Dan, Bitcoin's exported profit ratio (SOPR) has exceeded an 11-month downward trend. This trend may signal a shift in market momentum and suggest a potential bullish reversal.
SOPR is an on-the-shelf indicator used to measure whether Bitcoin holders are selling their tokens at a profit or loss. The continued rise in this indicator is often interpreted as a signal of improving market conditions and increased investor confidence. The latest breakthrough suggests that selling pressure may be easing after a long period of weakness.
Breakout signal hints at a potential trend shift
Crypto Dan pointed out that the end of the long-term downward trend in Bitcoin SOPR points to the possibility of a possible bullish reversal in the market. Historically, improvements in SOPR tend to coincide with periods when investors are more willing to achieve profits, reflecting stronger demand and a healthier market environment. Although a single indicator does not guarantee future price increases, analysts often view it as an important confirmation signal of changes in market sentiment.
This signal echoes more and more on-chain indicators that show improvement in momentum, further enhancing the market's optimistic expectations.
Investors pay close attention to online data
For traders and long-term investors seeking confirmation of a broader market recovery, this breakthrough in Bitcoin SOPR will be closely monitored. As Bitcoin continues to test key resistance levels, on-chain indicators, including SOPR, realized profits and exchange traffic, remain important tools for assessing market health. Investors will be watching closely in the coming weeks whether the indicator can maintain its upward trend.
