Analyst says BTC long-term holders SOPR above the annual average
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AT A GLANCE
Darkfost said that Bitcoin long-term holders are SOPR above the annual average, indicating that they have returned to profitability.
Article
Bitcoin Long-Term Holders Return to Profitability, Analyst Says Signs of Market Recovery Are Emerging
BlockBeats reports,October 13, crypto analyst Darkfost stated in a post that Bitcoin long-term holders SOPR(Spent Output Profit Ratio) has climbed back above 1.10 its annual average and remained at that level, meaning that the average profit margin realized by long-term holders over the past 1 years was approximately 10%.
At present,BTC Bitcoin long-term holders SOPR has a weekly average of 1.25, and a monthly average of 1.16, both above the annual average, indicating improving market conditions and that long-term holders are returning to profitability.
Darkfost noted that this change is worth comparing with the previous bear market: when that bear market was nearing its end, long-term holders also began to return to profitability. He believes that moderate profitability in the market is a positive sign that could further boost investor expectations for the market outlook.
Original link https://m.theblockbeats.info/flash/371443
Key points
01
BlockBeats reported that October 13, crypto analyst Darkfost, posted about Bitcoin long-term holders'SOPR。
02
Darkfost stated that the indicator had climbed back above 1.10 its annual average and remained at that level.
03
The original text stated that 1.10 its annual average means that long-term holders realized an average profit margin of approximately 1 over the past years. 10%。
04
The original text gave the BTC long-term holders'SOPR weekly average as 1.25, and the monthly average as 1.16, both above the annual average.
05
Darkfost compared this change with long-term holders returning to profitability near the end of the previous bear market.
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Darkfost believes that moderate profitability is a positive sign that could boost investor expectations for the market outlook.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
SOPR In the original text, this refers to the “Spent Output Profit Ratio.” The core of the content is that Darkfost said the weekly and monthly averages of the Bitcoin long-term-holder-related indicator are both above the annual average, interpreting this as long-term holders returning to profitability and market conditions improving somewhat.
Why it matters to readers
If the indicators listed in the original text remain above the annual average, long-term holders' profitability may continue to improve. Darkfost believes this could affect investor expectations for the market outlook.
Beginners can view this as a market signal observed by an analyst, rather than a confirmed trend reversal. They can continue to monitor whether SOPR remains above the annual average.
Risks and unknowns
The content relays Darkfost's interpretation of SOPR data; the original text did not provide independent verification of the data.
The article compared the previous bear market but did not provide specific data or dates for that bear market.
SOPR It remains unclear whether being above the annual average can be sustained.
The article did not confirm that the market has reversed and did not provide BTC price, trading-volume, or other data to support that conclusion.
The date in the title does not specify a year.
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Related concepts
SOPR
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