Bitcoin Enters A New Phase As Profit-Taking Metric Picks Up Pace – Here’s What It Is
2025-07-07 16:11:48
Main Idea
Bitcoin's price is surging towards $110,000, with key metrics like the SOPR Trend Signal and realized profits indicating a potential new bull market phase.
Key Points
1. Bitcoin is charging to retest the $110,000 price level following a recent bounce, rekindling bullish market sentiment.
2. The Bitcoin Spent Output Profit Ratio (SOPR) Trend Signal is climbing for the third time in the current bull cycle, a critical moment in BTC's market fluctuations.
3. Bitcoin investors are locking in more gains, with realized profits rising to levels not seen in recent times, adding momentum to the upward trend.
4. Over $9.2 billion in profits have been realized from BTC due to its current rally, as revealed by the Bitcoin Sell-side Risk Ratio.
Description
Bitcoin is charging to retest the $110,000 price level following a bounce that occurred last week, which may have rekindled bullish market sentiment. With Bitcoin’s price surging remarkably towards its current all-time high in the last few days, several key metrics appear to be picking up pace alongside this growth. As SOPR Climbs, Bitcoin Market Shift As this week began, Bitcoin reclaimed the $109,000 level and is gradually heading toward higher price levels. On-chain data shows that the blockc...
Latest News
- Scopri la sfida avvincente della tua strategia sulla Chicken Road senza farti abbagliare!2025-07-07 21:47:39
- Corporate Bitcoin Craze: 54 Companies Dump $500M Into BTC Treasuries2025-07-07 21:34:31
- Altcoin Season Brewing? Index At Levels That Historically Spark Massive Rallies2025-07-07 20:43:07
- a16z generative ai2025-07-07 20:29:25
- Ethereum Daily Chart Signals Strength As Bulls Reclaim Momentum2025-07-07 19:24:52