Bitcoin (BTC) has seen a “complete reset” of sell pressure after dropping below $90,000, says new research.
Key points:
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Bitcoin long-term holders have reset their selling habits as BTC price action returns below $90,000.
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A derivative of the popular SOPR metric is now tapping its lowest levels since early 2024.
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Recent price moves have resulted in some classic knee-jerk trading decisions by short-term holders.
Bitcoin SOPR “Ratio” hits key 1.35 level
In one of its “Quicktake” blog posts…
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