maartunn
Bitcoins are being sold with a loss (based on aSOPR) ❌
The SOPR (Spent Output Profit Ratio) indicator gives insight in the profit and losses taken over a specific timeframe. In the chart below, I showed the daily-timeframe. The current SOPR value is below 1. This implies that on average, the Bitcoins moved that day are sold with a loss. In May-2021 we've seen a similar type of behaviour when the market keep selling at a loss for an extended period of time.