Key indicator suggests investors have turned bullish

What's new?

The aSOPR metric shows that investors have turned bullish.

Why is this relevant?

aSOPR can help us determine the behaviour and sentiment of Bitcoin investors and can be used to help determine the current trend.

What does the data tell us?

aSopr is a metric that is used to determine the behaviour of Bitcoin investors. When aSOPR is above 1, it suggests that Bitcoin investors have turned bullish and the opposite is true when it is below 1. Recently, aSopr has moved above 1, suggesting that investors have turned bullish.

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Conclusion
Investors turning bullish is a great sign for Bitcoin and suggests the trend is now up. As long as the aSOPR stays above 1, we can assume that the Bitcoin price will stay in a bullish trend.

Nothing in this article constitutes professional and/or financial advice. The content is provided exclusively for informational and/or educational purposes. Nothing is to be construed as an offer or a recommendation to buy or sell any type of asset. Seek independent professional advice in regards to financial, tax, legal and other matters.

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