Bitcoin On-Chain Analysis: MVRV and SOPR Move Above Crucial Levels

Bitcoin On-Chain Analysis: MVRV and SOPR Move Above Crucial Levels
фото показано с : beincrypto.com

2021-9-10 10:09

BeInCrypto looks at on-chain indicators for Bitcoin (BTC), more specifically Spent Output Profit Ratio (SOPR) and Market Value to Realized Value Ratio (MVRV), in order to validate current market movements. 

Both indicators are still showing signs of strength, indicating that the bullish trend is still intact.

SOPR

SOPR is an indicator that is used to measure whether the market is in a state of profit or loss. Its value is found by dividing the selling and buying prices for every unspent transaction output (UTXO). The adjusted SOPR (aSOPR) is a slight variation of this indicator. It disregards BTC transactions with a lifespan of less than one hour. 

As outlined in our previous SOPR article, a movement above the 1-line after a breakdown could be a relief rally if SOPR cannot hold above 1. Therefore, if the market is in a state of profit for a long period of time (green) and then moves to a state of loss (red circle), it is a sign of a potential bearish trend reversal. If the market first moves back to a state of profit but falls back to a loss afterward, it confirms the bearish trend reversal. 

Currently, the indicator (orange) shows that the BTC market is in a state of profit since it is above 1. Until it breaks down below it, a bearish trend reversal is not confirmed.

BTC SOPR Chart By Glassnode MVRV for BTC

The MVRV value is the ratio between the BTC market and realized capitalization levels. Therefore, a value of 2 suggests that the market cap is twice as big as the realized cap.

BIC has previously outlined that the 1.75 MVRV level is crucial in order for the uptrend to continue. Since then, the indicator has bounced at the level (black rectangle) and continued to move upwards. It currently shows a value of 2.2

As long as it does not fall below it, the upward trend remains intact.

BTC MVRV Chart By Glassnode

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post Bitcoin On-Chain Analysis: MVRV and SOPR Move Above Crucial Levels appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95379.62 (-0.38%)
Объем 24H $41.545b
Изменеия 24h: -2.16 %, 7d: -7.28 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1888.483b Rank 1
Цена в час новости $ 45850.14 (108.02%)

bitcoin ratio market value sopr on-chain mvrv

Источник: beincrypto.com

bitcoin ratio → Результатов: 126


Фото:

Decline in ETH/BTC ratio shows Bitcoin’s rising market dominance

The Ethereum (ETH) to Bitcoin (BTC) ratio (ETH/BTC) is a pivotal metric, offering insights into the relative strength and market dominance of the two largest cryptocurrencies. Representing the value of one Ethereum in terms of Bitcoin, the ratio serves as a critical tool for investors and analysts to gauge the comparative performance and sentiment towards […] The post Decline in ETH/BTC ratio shows Bitcoin’s rising market dominance appeared first on CryptoSlate.

2023-11-30 18:00


KuCoin’s Futures Platform KuMEX Launches a Lite Version

KuMEX, the Bitcoin futures platform developed by KuCoin, today announced the launch of a Lite version, which not only focuses on core trading experience by simplifying the overall interface but also provides analytic tools such as a long-short ratio and revenue calculator to help newcomers to the crypto futures market better predict market trends and... The post appeared first on NewsBTC.

2020-1-8 16:00


Фото:

Key indicator shows its good time to accumulate as Bitcoin price touches $7800

As the Bitcoin price surpassed $7,500 on Nov. 27th, a key long term trend indicator showed that it is still a good period to accumulate BTC. Since the Ecoinometrics team released its latest “Daily Bitcoin Mayer Multiple Report” citing the Mayer multiple, a ratio of the Bitcoin price to 200-day moving average, the Bitcoin price […] The post Key indicator shows its good time to accumulate as Bitcoin price touches $7800 appeared first on CryptoSlate.

2019-11-29 17:57


Фото:

Bitcoin Price: BTC’s Explosive Rally On-Hold Until Halving

Bitcoin price might move in a sideways trend until the next halving. Then, it might finally explode to new all-time-highs, according to a Twitter user who applies the stock-to-flow ratio model. Bitcoin Price Pattern Points to New ATH After Halving Previously, we reported on bitcoin price forecasts that used the stock-to-flow (SF) ratio model, which was initially proposed by Twitter-based crypto and commodities analyst PlanB.

2019-11-6 15:30


Bitcoin stock to flow value to double up in the run-up to the halving

Stock to flow ratio is used to measure the scarcity of an asset: gold has the highest value of 62 followed by Bitcoin at 25. These values have a meaning to it as well: gold’s stock to flow value of 62 means that it would take 62 years to mine the same amount of gold […] The post Bitcoin stock to flow value to double up in the run-up to the halving appeared first on AMBCrypto.

2019-10-5 20:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BTC On-Chain Analysis: SOPR Struggles to Return to Positive Territory

In today's on-chain analysis, BeInCrypto looks at the SOPR ratio and its derivatives. The goal is to determine whether Bitcoin (BTC) market participants are likely to return to profit in the coming weeks The post BTC On-Chain Analysis: SOPR Struggles to Return to Positive Territory appeared first on BeInCrypto.

BTC on-Chain Analysis: Long-Term Holders Experience Capitulation

In today's on-chain analysis, BeInCrypto looks at several indicators for long- and short-term Bitcoin holders to determine the health of the current cryptocurrency market. The capitulation of two types of BTC holders means that the market is severely cooled, and the bottom may have already been reached.

SOPR Falls Back to Crucial Level: Bitcoin (BTC) On-Chain Analysis

BeInCrypto takes a look at on-chain indicators, more specifically Spent Output Profit Ratio (SOPR) in order to determine if the current bull run will continue. The post SOPR Falls Back to Crucial Level: Bitcoin (BTC) On-Chain Analysis appeared first on BeInCrypto.