While everyone is watching $BTC and other crypto assets declining, I'm watching other indicators, if we are in bear hands.
I was going through different paramtres and analysis.
One thing caught my eye, and that is STH-SOPR (Short term Holders - Spent Output Profit ratio).
With the price decline, SOPR around 1 suggests market selling is neutral, no fear driven selling, or profit taking selling.
This could only mean $BTC will form a support here, before continuation to an upwards trend.