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Bitcoin's SOPR indicator breaks 11-month suppression, signaling potential cycle reversal
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Cryptocurrency News | Cryptocurrency Prices | Market CapSOPR Breakthrough Marks Potential Cycle Reversal for Crypto
The crypto market is experiencing a potential shift as the SOPR indicator breaks its long-standing suppression, suggesting a cycle reversal.
📈 Bitcoin recovered from $76,400 and rose above $77,800. Bitfinex points to $76,350, representing the average cost for active investors, as a critical support level. 💰 US spot Bitcoin ETFs have returned to net inflows. A total of $101.15 million flowed into the funds in a single day (yesterday), with BlackRock's IBIT leading the inflows with $115.45 million. 🔍 The SOPR indicator for short-term investors turned upward for the first time in 11 …
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