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The CEO of CryptoQuant says that the Bitcoin bull cycle has ended, is Bitcoin's consolidation long-term?
Young Joo, the CEO of CryptoQuant, stated that Bitcoin prices may see a decline over the next six to twelve months.
Recent Bitcoin trading activity suggests that the cryptocurrency is entering a consolidation phase.
It seems that the cryptocurrency market has entered a phase of consolidation over the past few days.
The lack of any significant moves has led to a sense of doubt and skepticism among investors, which in turn has resulted in a wave of selling among short-term traders. In the meantime, the ETF sector and cryptocurrency reserves are still witnessing increased activity despite falling prices.
Confirming investors' worst fears, Ki Young Joo, the CEO of CryptoQuant, published a forecast about Bitcoin a few hours ago.
According to this forecast, Joo stated that the Bitcoin bull cycle has officially ended. He also pointed out that over the next six to twelve months, we can expect bearish or sideways prices.
Cryptocurrency communities have paid close attention to these predictions and discussed them enthusiastically. The CEO of CryptoQuant applied the PCA risk indicator to chain metrics such as MVRV and SOPR.
#CryptoQuant #sopr #MVRV
$BTC
Young Joo, the CEO of CryptoQuant, stated that Bitcoin prices may see a decline over the next six to twelve months.
Recent Bitcoin trading activity suggests that the cryptocurrency is entering a consolidation phase.
It seems that the cryptocurrency market has entered a phase of consolidation over the past few days.
The lack of any significant moves has led to a sense of doubt and skepticism among investors, which in turn has resulted in a wave of selling among short-term traders. In the meantime, the ETF sector and cryptocurrency reserves are still witnessing increased activity despite falling prices.
Confirming investors' worst fears, Ki Young Joo, the CEO of CryptoQuant, published a forecast about Bitcoin a few hours ago.
According to this forecast, Joo stated that the Bitcoin bull cycle has officially ended. He also pointed out that over the next six to twelve months, we can expect bearish or sideways prices.
Cryptocurrency communities have paid close attention to these predictions and discussed them enthusiastically. The CEO of CryptoQuant applied the PCA risk indicator to chain metrics such as MVRV and SOPR.
#CryptoQuant #sopr #MVRV
$BTC
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❗️The next 6–12 months will be bearish or show sideways price movement, as the Bitcoin bull cycle has ended – CEO #CryptoQuant Ki Yong Joo.
Among the indicators, he noted the market value to realized value ratio (#MVRV ), the spent coin output ratio (#SOPR ), and net unrealized profit or loss (#NUPL ) – these indicators showed turning points in past market cycles.
💡 Some users reminded that in 2020 CryptoQuant already gave a false sell signal #BTC .
$BTC
$ETH
$BNB
Among the indicators, he noted the market value to realized value ratio (#MVRV ), the spent coin output ratio (#SOPR ), and net unrealized profit or loss (#NUPL ) – these indicators showed turning points in past market cycles.
💡 Some users reminded that in 2020 CryptoQuant already gave a false sell signal #BTC .
$BTC
$ETH
$BNB
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SOPR Indicator: A Tool for Identifying Market Sentiment | Crypto 100-Day Challenge Day 61
Hello everyone! In today's 100-day challenge in the crypto space, let’s talk about the SOPR indicator (Spent Output Profit Ratio), which is an on-chain analytical tool used to assess market sentiment. SOPR helps us understand whether investors are in a profit or loss state, further inferring the buying and selling sentiment in the market. So, what is SOPR? How is it calculated, and how should it be applied? Today, let's explore this powerful indicator!
Market Profit and Loss Measurement Tool 📏
Imagine SOPR as a measuring tool for the overall market 'profit or loss'. When most investors are making profits, the market may be overheating; when most are losing, the market may be nearing a bottom.
Market Profit and Loss Measurement Tool 📏
Imagine SOPR as a measuring tool for the overall market 'profit or loss'. When most investors are making profits, the market may be overheating; when most are losing, the market may be nearing a bottom.
Is This the Final Shakeout Before Bitcoin’s Next Big Move? Analysts Break It Down
#Bitcoin’s recent price action has shown signs of stagnation, with the asset hovering around the $84,000 mark after rebounding above it earlier this week. As of the time of writing, #BTC is trading at $84,449, down 0.7% in the past 24 hours.
Despite recovering from previous corrections, the price has struggled to break through the current resistance level, signaling weak buying momentum and cautious sentiment among traders.
#Bitcoin #STH -#SOPR and Realized Price Indicate Capitulation
The current phase of consolidation follows weeks of volatile swings driven by broader macroeconomic uncertainty and mixed signals across risk assets.
While long-term holders remain steady, short-term participants in the market appear to be under pressure. Insights into the behavior of these short-term holders may offer valuable clues on the overall direction of the market and possible entry or exit points for investors.
According to a recent analysis shared by CryptoQuant contributor CryptoMe, data from short-term holders (STHs) reveals key indicators that could help define Bitcoin’s current cycle.
The first metric highlighted is the STH Spent Output Profit Ratio (STH-SOPR), which measures whether STHs are selling at a profit (above 1.0) or at a loss (below 1.0).
STH Spent Output Profit Ratio (STH-SOPR). | Source: CryptoQuant
Currently, this metric is below 1.0 based on a 14-day moving average, indicating that many STHs are offloading BTC at a loss—a signal often associated with capitulation phases.
While this suggests bearish sentiment in the short term, CryptoMe points out that similar dips in STH-SOPR during past bull markets often presented accumulation opportunities.
Historically, these periods of loss-taking by STHs have marked temporary bottoms, with prices rebounding shortly after as stronger hands absorb supply.
Accumulation Opportunities and Strategy Outlook
Another key metric shared is the STH Realized Price, currently around $92,000. This figure represents the average cost basis for coins held by short-term investors.
Bitcoin STH Realized Price. | Source: CryptoQuant
When $BTC trades below this level, it can indicate undervaluation relative to recent buyer activity. In CryptoMe’s view, red zones (in the chart), periods when the spot price dips below the realized price, have often coincided with long-term accumulation zones during previous bullish phases.
However, CryptoMe cautions that these indicators do not confirm a market bottom. Instead, they suggest that some investors are exiting positions under stress, creating potential buying opportunities for those with a long-term outlook.
Given the broader macroeconomic pressures, the analyst maintains a hedged strategy: accumulating in spot markets while maintaining short positions in derivatives to manage downside risk.
He concludes by stating that if macroeconomic conditions improve and liquidity returns to the market, Bitcoin could resume its upward trajectory. Until then, the data suggests patience and risk management may be prudent for market participants awaiting a clearer trend reversal.
BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com
Despite recovering from previous corrections, the price has struggled to break through the current resistance level, signaling weak buying momentum and cautious sentiment among traders.
#Bitcoin #STH -#SOPR and Realized Price Indicate Capitulation
The current phase of consolidation follows weeks of volatile swings driven by broader macroeconomic uncertainty and mixed signals across risk assets.
While long-term holders remain steady, short-term participants in the market appear to be under pressure. Insights into the behavior of these short-term holders may offer valuable clues on the overall direction of the market and possible entry or exit points for investors.
According to a recent analysis shared by CryptoQuant contributor CryptoMe, data from short-term holders (STHs) reveals key indicators that could help define Bitcoin’s current cycle.
The first metric highlighted is the STH Spent Output Profit Ratio (STH-SOPR), which measures whether STHs are selling at a profit (above 1.0) or at a loss (below 1.0).
STH Spent Output Profit Ratio (STH-SOPR). | Source: CryptoQuant
Currently, this metric is below 1.0 based on a 14-day moving average, indicating that many STHs are offloading BTC at a loss—a signal often associated with capitulation phases.
While this suggests bearish sentiment in the short term, CryptoMe points out that similar dips in STH-SOPR during past bull markets often presented accumulation opportunities.
Historically, these periods of loss-taking by STHs have marked temporary bottoms, with prices rebounding shortly after as stronger hands absorb supply.
Accumulation Opportunities and Strategy Outlook
Another key metric shared is the STH Realized Price, currently around $92,000. This figure represents the average cost basis for coins held by short-term investors.
Bitcoin STH Realized Price. | Source: CryptoQuant
When $BTC trades below this level, it can indicate undervaluation relative to recent buyer activity. In CryptoMe’s view, red zones (in the chart), periods when the spot price dips below the realized price, have often coincided with long-term accumulation zones during previous bullish phases.
However, CryptoMe cautions that these indicators do not confirm a market bottom. Instead, they suggest that some investors are exiting positions under stress, creating potential buying opportunities for those with a long-term outlook.
Given the broader macroeconomic pressures, the analyst maintains a hedged strategy: accumulating in spot markets while maintaining short positions in derivatives to manage downside risk.
He concludes by stating that if macroeconomic conditions improve and liquidity returns to the market, Bitcoin could resume its upward trajectory. Until then, the data suggests patience and risk management may be prudent for market participants awaiting a clearer trend reversal.
BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com
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Calculation of the Average Price of a token and its On Chain keys
🧐 As we start to enter the world of cryptocurrencies, certain concepts become essential. Without understanding and managing them, it will be difficult to operate successfully in this complex ecosystem. 💡
✅ One of the key concepts from minute one is that of the average price and its calculation.
💰 What is the average price of a token? 🤔
The average purchase price is the mean value at which an asset has been acquired over multiple purchases. S
is calculated by dividing the total stablecoin invested by the total amount of the asset acquired.📢
✅ One of the key concepts from minute one is that of the average price and its calculation.
💰 What is the average price of a token? 🤔
The average purchase price is the mean value at which an asset has been acquired over multiple purchases. S
is calculated by dividing the total stablecoin invested by the total amount of the asset acquired.📢
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