On-chain data
Fundamental analysis 23 Feb
By checking the aSOPR index, you can understand the profitability of traders in the network. In this aspect, key level 1 is of great importance. During uptrends, as aSOPR returns to level 1, we can see that taking profit is weakening and holders whose coins are at a loss will begin to distribute (to sell). Also, this can cause the demand of people to see a correction in the market.
In the middle of February, we will realize the accumulation with the aSOPR index falling again and then stabilizing the key level 1 (especially in the longer-term moving averages). On the other hand, this can often be a sign of a change in the price trend.
Crypto Whales - Trade Bravely
