As ‘exhausted’ bears sell Bitcoin at a loss, analysts predict an impending bull run
New data confirms that this week the bears of (BTC) are “exhausted” and are even trading at a loss.
In a tweet posted on Tuesday, Philip Swift, analyst of the Decentrader trading suite, identified an uptrend in the spent output profit ratio (SOPR).
Bitcoin bears short on FUD The SOPR, a classic metric for determining among other things oversold periods in Bitcoin markets, last week provided the first buy signal since July.
Read the full text on Cointelegraph
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