Bitcoin price It was shown noticeable as the largest encrypted assets bearing strongly more than $ 100,000 despite many attempts to decline. During the strong bullish performance of BTC in the past few weeks, data on the series shows that the SOPR index has decreased sharply.
The Bitcoin Sopl index fell sharply
As Bitcoin continues to show upsmore, Rafaela Romano, encryption lovers, High The big difference is growth under the surface. In a sudden turn of events, Bitcoin (SOPR) It has seen a noticeable decrease amid a stunning rise in the BTC price.
The encryption enthusiastic reported the extraordinary development in a modern post on the X. In the past, the SOPR index, a major scale on the series used to measure the market profitability in general, is strongly with the performance of BTC.
When the price climbs, the consuming production rate also increases, as it reaches higher levels at each new price point. Such a compatibility between price movements and the ups of the index is reflected on huge Achieving profit from investors And traders during price mutations.
However, although the price of Bitcoin has risen strongly and adheres to $ 100,000, this scale decreased at a rapid pace. “Interestingly, the price of bitcoin was rising, but achieving profits is not accompanied,” said the encryption.
This current difference indicates that many investors are confident of the horizons of the main assets in the short term while continuing to accumulate Metal currency contract. According to lovers, the trend is a sign that BTC holders, especially experienced investors or long -term holders, are still considered a level of $ 100,000.
The bullish feelings can pave this size among the experienced investors the way for the next main gathering of BTC in the short term as long as The main players continue to buy the original.
Weak BTC network achieved profits
Bitcoin investors condemnation There is no doubt that you grow strongly in the current market environment. There is another decisive indication of the decline in profits by investors, which is a continuous decrease in the BTC net profit.
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like I mentioned Written by Darkfost, an verified author and an expert on the series, this scale decreased even while maintaining its upscale course compared to previous scenarios. In early 2024, when Bitcoin reached the top, clear achieved profits increased to $ 3.5 billion. Also, when the assets rose to its previous summit in January this year, achieving profits increased to $ 4.5 billion.
At the same time, the data shows that the profit block decreased sharply to $ 1.8 billion after that Increase BTC to its current top in May. Currently, the achieved profits have decreased, as it decreased to 700 million dollars in the past seven days after reaching $ 110,000 on Thursday.
Darkfost noted that the trend indicates that most BTC holders remain patient on the margin, and they chose to keep instead of achieving profits. However, the expert emphasized the importance of caution because the shift in feelings is possible if BTC loses its ascending direction and enters a correction phase.
Distinctive image from Getty Images, Chart from TradingView.com
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