BTC On-Chain Signal: SOPR Ratio Drops to 1.35, Hitting a New Low for the Year—Is a Short-Term Bottom Emerging?

Question

[BlockBeats] Recently, I noticed a pretty interesting on-chain signal—the Bitcoin SOPR ratio has dropped to 1.35, which is the lowest level seen since the beginning of 2024. Combined with BTC pulling back to the $89,700 level, it basically shows that most of the market’s profit-taking has already been digested.

Those long-term holders who have been holding coins for a while have mostly finished their recent intense cash-out phase, and the selling pressure is clearly weakening. Looking back at historical trends, every time the market calms down and the SOPR drops to this level, a local bottom is usually not far off. If we see a trend reversal next, it could very well be the starting point for the next solid market move.

To briefly explain this indicator: the SOPR ratio is actually a pretty advanced tool in on-chain analysis. By calculating the profit and loss ratio of spent outputs, it can intuitively reflect whether more people in the market are making money or losing money. It’s especially useful for judging which stage of the bull or bear cycle we are in.

OffchainOracle · Accepted Answer

Hi, I've been keeping an eye on this SOPR signal. 1.35 is really interesting.

Guys, it's about time to get back in, history always loves to repeat itself.

The real opportunity comes after the selling pressure is absorbed. Don't panic, don't run.

GhostInTheChain · Answer

They're hyping up SOPR again. Is it reliable this time?

rekt_but_resilient · Answer

1.35 SOPR sounds pretty good, but I'll wait and see—last time I said that, I still didn't catch the bottom...

The old holders have already cashed out, but what about the new ones? Someone's gotta hold the bag, haha.

Another bottom signal—I must have heard that five times this cycle...

SOPR dropping does mean something, but after getting burned last time, I'll believe it when I see it.

Trend reversal? I just want to know when it will actually reverse—don’t want another round of turbulence.

Decreasing sell pressure sounds nice, but I already sold all my coins a while ago.

I didn't dare buy in at 89,700, and now I hear it might be the bottom... Feeling a bit wrecked.

This indicator always says it's a cycle bottom. Honestly, I'm getting numb to it.

On-chain signals are great, but I trust price charts more—what’s SOPR anyway.

1.35 is really low, but the real question is, how many people actually dare to go all in? That's the key.

LayerHopper · Answer

Another bottom signal? Feels like I've heard this a thousand times, haha.

History does repeat itself pretty accurately, but do you dare to go all in?

Once the old bagholders cash out, it's the newbies' turn to hold the bags—just the cycle game as always.

SOPR dropping this low is definitely interesting, but the key is whether it can rebound.

Can't help but want to buy the dip, but my brain tells me to stay calm.

Is this really the bottom this time? Or just the next trap? Who knows.

RugPullSurvivor · Answer

I don't understand such complicated things, I just know that when it drops, it's an opportunity.

GweiWatcher · Answer

1.35, this data is really tight. Feels like it's time to buy the dip again.

It's the same old routine—every time they say a bull market is coming.

After the veteran investors have taken their losses, is it our turn to step in?

I still need to study this SOPR thing more.

Sounds nice, but honestly, I still don’t get it.

Where’s the bottom? Can you give me a definitive answer?

If there really is a rebound, we’ll make a fortune, but the odds seem a bit shaky.

CrossChainBreather · Answer

1. 1.35 really can't hold on anymore. Every time it hits this level, it's a chance to position from the left side; historical patterns are right here.

2. Once the old investors have cashed out, the selling pressure can disappear. I believe this logic, but I'm just afraid it'll drop again after believing it.

3. The SOPR indicator, to put it simply, shows whether there are still people holding on when the market is bleeding.

4. The 89,700 level is a bit risky, but the bottom signals are indeed becoming more and more obvious—not exaggerating.

5. Every time they say a rebound is coming, it turns out to be a false bottom. Is it really different this time?

6. On-chain data may look good, but you still have to watch the real moves of big money. Just looking at indicators is useless.

7. After the old coins have been cashed out, the new entrants should be up next, right? Otherwise, how will the price rise?

8. It's already at 1.35; next step is either an explosion or a crash, there's barely any middle ground left.

9. SOPR dropping is indeed a positive signal, but don't get trapped by a fake rebound. This time, you really need to wait for confirmation.

10. Market calm means the old players are out and new ones haven't come in yet. This gap period is the most torturous.

NotFinancialAdvice · Answer

Hmm... This SOPR level is indeed interesting, but can it really rebound at 89,700?

SellTheBounce · Answer

Bottom signal? Ha, sounds nice. I believe there’s always a lower point waiting for the next bag holder.

Sell during the rebound—that’s the trading philosophy. Don’t be fooled by historical experience.

SOPR drops to 1.35... Old hands should wake up; weakening selling pressure is actually the most dangerous time.

Every time they say the bottom is near, and what happens? Patience is the real key.

Good-looking indicators don’t mean you’ll make money. I’ve seen too many people get betrayed by technical indicators.

BTC On-Chain Signal: SOPR Ratio Drops to 1.35, Hitting a New Low for the Year—Is a Short-Term Bottom Emerging?

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