Bitcoin Sees Strong Accumulation, SOPR Ratio Crosses 1

Bitcoin Sees Strong Accumulation, SOPR Ratio Crosses 1


Vauld Insights
2022-06-01 17:00:00

Since Monday, BTC’s price has increased by more than 9% whereas ETH has increased by 7%. The adjusted spent output profit ratio (aSOPR) of BTC crossed 1 after two weeks of remaining under it. After closing in red for nine consecutive weeks, Bitcoin is seeing a turnaround in its price action this week. Since the […]The post Bitcoin Sees Strong Accumulation, SOPR Ratio Crosses 1 appeared first on Vauld Insights.