Bottom Signal: This Bitcoin Ratio Declines To Four-Year Low

On-chain data shows a Bitcoin ratio has hit the lowest value since February 2019, something that may suggest the bottom could be near for the current cycle.
Bitcoin SOPR Ratio Hits Lows Not Seen Since 4 Years Ago
As pointed out by an analyst in a CryptoQuant post, the SOPR Ratio has a value of just 0.53 right now. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether Bitcoin investors as a whole are selling at a profit or at a loss currently.
There are two main