$BTC Bitcoin key indicators are fluctuating! Understand this signal, and retail investors will no longer be confused.

Just now, on-chain data has brought a noteworthy dynamic: Bitcoin price has fallen below the average buy-in cost line for short-term holders.

In simple terms, friends who entered the market in recent months are generally in a state of floating loss. The SOPR indicator, which reflects short-term selling behavior, has also fallen below 1, indicating that some short-term investors are under pressure to exit.

What does this represent? It does not mean that the market is turning bearish; rather, it may reveal a temporary emotional low point.

Historical data shows that when short-term holders are generally losing money, it is often a time of excessive panic in market sentiment, and opportunities often quietly emerge in such environments.

For retail investors, what is most needed right now is a calm observation, rather than following the crowd. The key reversal signal has not yet been confirmed — we need to wait for the price to rise above the short-term holder cost line again, and for the SOPR indicator to return above 1.

Before that, maintain patience, do not easily chase shorts, and do not rush to buy the dip. It’s possible to pay attention to positions in batches and wait for the resonance point of sentiment and price stabilization.

The market is always cycling; when others are fearful, we remain clear-headed. I am Candle Dragon, let’s understand the data together and calmly respond to market changes. #美国非农数据超预期 #加密市场观察