While the crowd panics over $BTC ’s pullback, I’m looking deeper — and what I see tells a different story.
I’ve been analyzing various metrics, and one key indicator stands out: STH-SOPR (Short-Term Holders’ Spent Output Profit Ratio).
Despite the price drop, SOPR hovering around 1.0 suggests that there’s no panic selling and no mass profit-taking — just neutral market behavior.
This signals that $BTC may be forming a solid support, not breaking down. If this holds, it could be the launchpad for the next leg up.
Smart money watches more than price.