Bitcoin Still Has Room To Rise, Quant Explains Why

Quick Summary:

A quant has explained how Bitcoin could still have room to rise based on the trend forming in this popular on-chain indicator.

Bitcoin Short-Term Holder SOPR May Not Be Overheated Yet In a CryptoQuant Quicktake post, an analyst has discussed the Spent Output Profit Ratio (SOPR) of the Bitcoin short-term holders.

It now remains to be seen whether there is enough demand in the market to mow through this profit-taking spree from the STHs, or if another top would follow for the asset.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Btc BTCUSDT Bitcoin Rise Bitcoin Bitcoin News Bitcoin Short-Term Holders Bitcoin Bull Run Bitcoin Rally Bitcoin SOPR

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 10:00:57 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23694784

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About Bitcoinist

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Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

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News Last Updated: 9 hours ago

Coverage Areas: Hungary

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