Every Bitcoin rally is turning into a sell zone


SOPR measures whether investors are selling at a profit (>1) or at a loss (<1)
• Short-term holders are selling at a loss (SOPR < 1)
• Whales are heavily sending BTC to exchanges (look at the graph)
→ Large players are selling into every rebound
Every surge gets sold into.
As long as SOPR doesn’t consistently stay above 1
➡️ we can’t talk about a trend reversal
Rallies remain selling opportunities for holders for now
BTC1,2%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin