🐋 Morning onchain: Bitcoin enters a new phase of movement along the chain

The SOPR Trend Signal metric is growing again - for the third time in one bullish cycle. The market has never seen anything like this before. This suggests that over the past year, holders have had several opportunities to record profits when moving their coins.

What makes this metric special is that it tracks the behaviour of participants directly on the blockchain. As long as the blue line is higher than the orange one, the trend remains bullish.

If there is a downward crossing, it can be the first reversal signal. But so far it's not there - we just observe and keep calm.

We follow the metrics and share the key signals with you!