Bitcoin Hasn’t Reached Bull Cycle Top Yet, Quant Explains Why

According to the trend in an on-chain indicator, an analyst has explained how Bitcoin may still need to reach the top of the current bull cycle.
Bitcoin aSOPR Hasn’t Yet Reached Levels Associated With Past Cycle Tops
As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is yet to go as high as during the tops of the previous cycles.The “SOPR” refers to a popular on-chain indicator that basically tells us whether crypt