<center><img src='https://u.today/sites/default/files/styles/1200x/public/2020-09/4635.jpg?itok=7i_nMEeu' alt='STEEM POSTS' /></center> ##### <p>Bitcoin's Spent Output Profit Ratio (SOPR), the metric that determines the profit ratio of BTC moved on-chain, has dipped below 1 for the first time since April, according to data provided by Glassnode.<br> </p><p>Cryptocurrency <a href="https://twitter.com/n3ocortex/status/1302924894653554689">analyst Rafael Schultze-Kraft</a> says that the market is already shaking out some weak hands.</p><h2> </h2><p>As explained by <a href="https://twitter.com/renato_shira/status/1121517734574133249">on-chain researcher Renato Shirakashi</a>, the creator of the SOPR indicator, it simply divides the realized value by the dollar value of every created output.<br><br>When SOPR drops below 1, it means that holders are cashing out their BTC at a loss during a market downturn.</p> ##### <br><center><a href='https://dlike.io/post/@wadamet/bitcoin-shaking-out-weak-hands-as-battle-for-10000-continues-data'>Shared On DLIKE</a><hr><br><a href='https://dlike.io/'><img src='https://dlike.io/images/dlike-logo.jpg'></a></center>
post_id | 87,414,895 | ||||||||||||
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author | wadamet | ||||||||||||
permlink | bitcoin-shaking-out-weak-hands-as-battle-for-10000-continues-data | ||||||||||||
category | hive-116221 | ||||||||||||
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