🚨 BTC ENTERS A FATIGUE ZONE ON-CHAIN

Operations on the blockchain are becoming less and less profitable.

The SOPR Trend is one of the most reliable on-chain indicators for identifying local tops and bottoms of BTC.

It helps to determine whether transactions are predominantly made at a profit or a loss.

Today, the signal is oriented downwards.

This means that transactions are generating increasingly smaller profits, or even losses.

Historically, a prolonged decline in SOPR is typical of a bear market.

The true bottom is generally only reached when positive reversal signals reappear.

At this stage, everything indicates that it will take several more months before a clear confirmation.