Bitcoin Market At Decision Point: aSOPR Retests Crucial Level

The Bitcoin market may be close to a decision point as on-chain data shows the Adjusted Spent Output Profit Ratio (aSOPR) is retesting the 1.0 level.
Bitcoin aSOPR Has Declined Towards A Value Of 1.0 Recently
According to the latest weekly report from Glassnode, the BTC market had shifted towards a profit-dominated regime back in January. The “aSOPR” is an indicator that tells us whether the average investor is selling their Bitcoin at a profit or at a loss currently.
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