Is #bitcoin 's LTH-SOPR signaling a buy?
The last time the LTH-SOPR indicator opened and closed monthly candles below 1 for more than three consecutive months was in October 2022, when $BTC was trading around $20,000.
LTH-SOPR (Long-Term Holder Spent Output Profit Ratio) is an indicator used to assess the behavior of long-term investors.
When this indicator remains below 1, it suggests that a large proportion of long-term holders are selling at a loss, a sign that often appears in the final stages of a market correction or bear market.
Historically, whenever LTH-SOPR remains below 1 for an extended period, the market is usually in an undervalued zone.
The last time the LTH-SOPR indicator opened and closed monthly candles below 1 for more than three consecutive months was in October 2022, when $BTC was trading around $20,000.
LTH-SOPR (Long-Term Holder Spent Output Profit Ratio) is an indicator used to assess the behavior of long-term investors.
When this indicator remains below 1, it suggests that a large proportion of long-term holders are selling at a loss, a sign that often appears in the final stages of a market correction or bear market.
Historically, whenever LTH-SOPR remains below 1 for an extended period, the market is usually in an undervalued zone.