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Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why Newsbtc 19 11月 2024

Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why 📈

Bitcoin recently peaked at $93,477 but has since stabilized above $90,000, indicating controlled market sentiment. Analyst G a a h highlights the Short-Term Holders Spent Output Profit Ratio (STH SOPR) as a key metric pointing to continued market growth.

The STH SOPR suggests moderate optimism, with short-term holders taking measured profits without overwhelming the market. This indicates potential for further upward movement, as the market remains balanced, avoiding extreme greed or fear.

The analyst warns that rapid shifts in the SOPR towards extreme greed could signal aggressive profit-taking and trend reversal. Sustained moderate optimism may present opportunities, but caution in risk management is vital.

The conclusion is that Bitcoin is in a transitional growth phase, balancing optimism with caution to protect against high volatility. Monitoring indicators like SOPR is crucial for navigating the market effectively.

来源: www.newsbtc.com ↗