The Bitcoin metric that was green just before the $50K BTC price bull market is back

Analysts believe that the ratio of output profit to spent output strongly suggests that hodlers should purchase BTC.
Analyst Philip Swift from trading platform Decentrader said that the spent output profit ratio (green) went negative yesterday because on-chain speculators were selling at losses. “Paints a v.similar picture to funding rates in recent months in that a lot of forced selling took place over the summer making this more of a buy-the-dip opportunity now.” Source: Decentrader. “Paints an v.similar picture as funding rates in the recent months in that there was a lot of forced sales over the summer making it more of a buy/the-dip opportunity now.” Bitcoin SOPR chart. Source: Decentrader “Good news” for Bitcoin bulls

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