maartunn
HODL'ers are escaping the market at break-even
aSOPR, Adjusted Spent Output Profit Ratio, is a metric which shows whether holders are in profit or in a loss (on average). It gives a signal on how holders could behaving in the current market conditions. Let's dive STRAIGHT in and see HOW holders are behaving đ The basics of aSOPR are very simple: đźAbove 1 = market participants are in profit đ˝Below 1 = market participants are in loss In a bullmarkt, aSOPR is trending above 1 and uses the level as support. This means that holders are in profit and when price comes back to their break-even point, they are doubling down on their positions. It feels as a great buying opportunity for them đ On the other side, in a bearmarket aSOPR is trending below 1 and uses this as resistance-level. Holders are in a loss and when price comes back to their break-even point, they want to get out and selling their coinsđ Analyzing the most recent data, it is clearly a bear market. aSOPR finds resistance at the 1-level and got rejected.