Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms.
In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR).
Bitcoin bears run out of FUD
SOPR, a classic metric for determining oversold periods on Bitcoin markets among other things, flipped to “buy” for the first time since July last week.
Last time, BTC/USD then launched to local highs of…
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