Bear/Bull Transition Signal #1

BearBull-Transition-Signal-1

A key characteristic of the bear markets is the shrinking of profitability across the network. To trace this aspect of the market, we can utilize different on-chain metrics such as aSOPR.

This metric Ad is a ratio of spent outputs (lived more than an hour) in profit at the time of the window.

   - Values over '1' indicate more investors are selling at a profit.
   - Values below '1' indicate more investors are selling at a loss.

Using  30-DMA, an indicator can be developed to trace the pivotal point of a bear market full transition to the bull market.