CryptoQuant analyst Woominkyu has indicated that Bitcoin's adjusted SOPR (aSOPR) has declined to the 0.92-0.94 range, a level historically associated with significant resistance during bear markets. This development suggests that the cryptocurrency market may be entering another phase of bear market pressure. The aSOPR metric is often used to assess the profitability of Bitcoin transactions, and its current level could signal a challenging period ahead for Bitcoin investors.
CryptoQuant Analyst Warns of Potential Bear Market Pressure
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