Bitcoin’s Spent Output Profitability Ratio Rises to 0.987, MVRV and Puell Multiple Indicators Show the Market Has Not Peaked Yet

PANews reported on January 10 that according to CoinDesk, Bitcoin rebounded to $95,000 after falling from $120,000 this week's high to $90,000. On-chain data showed that Bitcoin's spent output profit rate (SOPR) rose to 0.987, indicating that short-term holders sold at a loss, which has historically often heralded a price rebound. Other indicators such as the market value to realized value ratio (MVRV) and Puell Multiple show that the market has not yet peaked, and this pullback provides long-term investors with a low-price buying opportunity.

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Author: PA一线

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