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Market Cap: $ 3 787 132 962 593 / 24h Vol: $ 200 392 171 953 / BTC Dominance: 58.653467328398%

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Bitcoin’s SOPR at a three-year low means this for your investment

The leading coin Bitcoin [BTC] is set to close the trading year within the $16,500 – $17,000 price range, its spent output profit ratio (SOPR) recently clinched a three-year low, CryptoQuant analyst Gaah found on 21 December.

Read Bitcoin’s [BTC] Price Prediction for 2023-2024

According to Glassnode academy, an asset’s SOPR offers an insight into market-wide sentiment trailing the asset and the degree of profit and losses incurred by its holders over a given period.

When an asset’s SOPR is higher than one within a particular period, it means that those that sold at the current price were at a profit. Conversely, when an asset’s SOPR is less than one within a specified window period, those that sold within that time frame incurred losses.

As of 21 December, BTC’s SOPR was 0.98, data from CryptoQuant showed. Since 23 November, BTC’s SOPR has returned a value below one, meaning holders that have sold since then saw losses.

Source: CryptoQuant

Gaah confirmed that in the current BTC market:

“The SOPR Ratio below 1.00 making new lows could mean that investors are realizing a loss and/or coins that remain cost based on profit are not being spent.”

Taking a cue from BTC’s historical performance, Gaah opined:

“When this ratio returns above the 1.00 value, it is possible to witness a new bull market again, as historically, this behavior has been presented at least 3x.”

Source: CryptoQuant

At the time of writing, BTC exchanged hands at $16,807.99, data from CoinMarketCap showed. While prices were up by 7% in the last month, whale accumulation fell. Per data from Santiment, BTC whale addresses that held between 1000 – 100,000 BTC fell by 2% in the last month.

In contrast, sharks that held one – 1000 BTC intensified accumulation within the same period, as their count went up by 2%.

In a bear market, there must be signs of whale accumulation before price bottoms. However, in the current market, with slowed whale spending, the bottom might not be in yet.

BTC's supply distribution

Source: Santiment

How many BTCs can you get for $1?

The FTX debacle led to movement in long-held/dormant BTCs as investors moved their assets around. A look at BTC’s age consumed revealed that long-held coins have returned to dormancy.

Often, a price jump or decline is usually precipitated by a spike in its age-consumed metric. However, with BTC’s age consumed at significant lows in the last month, a price jump might not be in the short-term future as coins remained idle on the BTC network.

BTC's age consumed

Source: Santiment

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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