Bitcoin Enters A New Phase As Profit-Taking Metric Picks Up Pace – Here’s What It Is
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
- New Study Says Bitcoin Could Reach $4.81M by 2036, Driving Bitcoin Hyper Into Overdrive2025-08-15 15:17:39
- Bitcoin Supply Dynamics Paints A Clear Picture of The Current Phase Of The Market2025-08-15 14:03:44
- Coinbase Drops $3 Billion To Snag Deribit In Major Crypto Shake-Up2025-08-15 13:03:25
- US Treasury Bessent Backtracks BTC Reserve Statement – Next Crypto to Explode2025-08-15 12:05:23
- U-Turn In Cardano Governance: Foundation Backs Crucial Funding2025-08-15 12:03:02