This Bitcoin Metric Continues To Retest Bear-Bull Junction, Will A Break Happen?

On-chain data shows a Bitcoin indicator has continued to retest the bear-bull transition point recently, but is yet to obtain a break.
Bitcoin Short-Term Holder SOPR Is Retesting The Break-Even Level
As pointed out by an analyst in a CryptoQuant post, the short-term holders have continued to sell at a loss recently. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether the average investor in the Bitcoin market is selling at a profit or at a lo