This Historic Bitcoin On-Chain Support Level Is Still Not Lost

On-chain data shows the historical 20-Day MA Bitcoin aSOPR support level has continued to hold so far.
Bitcoin 20-Day MA aSOPR Rebounds Off Historical Support Line
As pointed out by an analyst in a CryptoQuant post, the BTC aSOPR recently retested its 8-year old support.
The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether the average Bitcoin investor is selling at a profit or at a loss right now.
When the value of this metric is greater than 1, it