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Coinpedia
2024-05-15 10:36:34

Bitcoin’s aSOPR Signals Possible Bottom Formation: Is It End Of Correction?

The post Bitcoin’s aSOPR Signals Possible Bottom Formation: Is It End Of Correction? appeared first on Coinpedia Fintech News The 7-day average of Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) has recently dropped from a high profit level of 1.107 to a normal level of 1.013. This decline suggests a reduction in the profitability of Bitcoin transactions. If the aSOPR metric falls below 1, it will signal that the market is forming a local …

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