aSOPR and Binary CDD Indicate Potential Market Bottom for Bitcoin

The post aSOPR and Binary CDD Indicate Potential Market Bottom for Bitcoin appeared first on Coinpedia Fintech News

Current on-chain metrics suggest a possible market bottom for Bitcoin. The Adjusted Spent Output Profit Ratio (aSOPR) is at 0.99831902, down 0.96% in the last 24 hours, indicating that more investors are selling at a loss. Typically, this behavior is observed during bear market lows.

However, the Binary Coin Days Destroyed (CDD) is at 0.14285714, showing minimal movement from long-term holders over the past week. This indicates a strong incentive for long-term investors to retain their coins, hinting at underlying confidence in a future market recovery.