Bitcoin (BTC) whales can use sales by short-term investors as a buying opportunity.
In an analysis shared on the blockchain data platform CryptoQuant, the Spent Output Profit Ratio (SOPR) of short-term investors was mentioned.
The SOPR metric indicates that a coin is returned to its owner as soon as it is spent. whether it provides returns or not It is used for understanding. When calculating the SOPR of short-term investors at least 1 hour; for up to 155 days It is based on held BTCs.
of this rate above 1 most of the short-term investors provides a return; Being below 1 means that most of them sold at a loss means.
The chart on CryptoQuant shows that this has been happening recently dropped below 1 and showed that short-term investors were selling Bitcoin at a loss. Analyst, “This means whale investors will see this as a buying opportunity. short term investors “It shows that it is likely that he will buy (the coins) he sold and the market will rise again.” said.
The analyst said that this period may be suitable for implementing the Dollar Cost Averaging (DCA) strategy.
