Take a look at aSOPR, SOPR adjusted for outputs with a lifespan of less than an hour (filters out the noise). This looks at the amount of profit held by the coins trading in the market.
Last week we noted our breakout above 1 back into a state of net profit, but mentioned we wanted to see the metric stabilize above 1 or bounce off 1 on a price drop.
We got a decent little price drop after getting rejected from 42K, of which the metric did in fact bounce off 1 as we were watching for. Would now like to see some stability above 1 for confirmation a repeating October 2020 before next Bull Run.
https://t.me/Blockchain_Crypto_Bitcoin
