PANews reported on January 10 that according to CoinDesk, Bitcoin rebounded to $95,000 after falling from $120,000 this week's high to $90,000. On-chain data showed that Bitcoin's spent output profit rate (SOPR) rose to 0.987, indicating that short-term holders sold at a loss, which has historically often heralded a price rebound. Other indicators such as the market value to realized value ratio (MVRV) and Puell Multiple show that the market has not yet peaked, and this pullback provides long-term investors with a low-price buying opportunity.
Bitcoin’s Spent Output Profitability Ratio Rises to 0.987, MVRV and Puell Multiple Indicators Show the Market Has Not Peaked Yet
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Data: Hong Kong virtual asset ETF today's transaction volume is about HK$22.31645 million