Bitcoin Faces Sales Pressure Risk Amid Market Turmoil

From fxdailyreport.com

Bitcoin ($BTC) is potentially approaching a crucial spot in the case of sales pressure. As per the data from Axel Adler Jr., the Spent Output Profit Ratio (SOPR) and Net Unrealized Profit/Loss (NUPL) indicate Bitcoin’s likely inflection point, highlighting the exclusive bullish cycle’s bottom. The well-known crypto analyst took to social media to delve into the current surge Bitcoin’s sales pressure. The key on-chain metrics SOPR and NUPL signify the likely ticking of the clock on the ongoing bullish cycle. The crypto analyst draws parallels between the current outlook and the historical trends. In this ... (full story)