🧞 Are long-term and short-term investors starting to give up?
1. Long-Term Investor SOPR Index:
The Long-Term Investor SOPR Index has dropped to around 0.6.
This suggests that even long-term investors are now selling at a loss rather than taking profits.
2. Short-Term Investor SOPR Index:
The Short-Term Investor SOPR Index is at 0.99, still below the key 1.0 threshold.
This means that any short-term rally could face selling pressure from investors exiting their positions near breakeven.
BottomLine:
Short-term demand doesn't appear strong enough to support a clear reversal.
At this stage, the market looks more like a test of resistance than a genuine uptrend change.
Caution is more important than recklessness in this market.
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