an exchange: Metrics Show Recent Spot Demand Has Been Strong Enough to Absorb Excess Selling Pressure
BlockBeats News, March 11th, an exchange Institutional, a service for institutional investors, posted on social media stating that the Short-Term Holder Profit/Loss (SOPR) ratio can measure whether recent buyers are selling at a profit or a loss. This helps us understand if new entrants are panic selling, a behavior that usually shakes out weak hands and cleanly resets spot positions.
Starting from late February, the SOPR indicator for Bitcoin and Ethereum short-term holders has been rising, indicating that recent spot demand has been strong enough to absorb selling pressure, demonstrating a more resilient market position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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