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- 💙 Gate Square #Gate Blue Challenge# 💙
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Post original content on Gate Square related to WXTM or its
There’s No Problem as Long as Bitcoin Doesn’t Reach 4: The Price Still Has Potential! - Coin Bulletin
Despite the fact that Bitcoin's (BTC) sell-offs are accelerating towards the peak of 2025, the indicators show that the price has not yet reached the peak for this bull.
The recent rise in the price of Bitcoin (BTC) continues to bring smiles to investors, while long-term investors have also started to sell their Bitcoins (LTH) at increasingly higher profits. However, according to the data shared by a CryptoQuant analyst, this situation has not yet reached a level that would create excessive selling pressure in the market. The SOPR indicator is still below the red zone that represents the macro cycle peak.
According to the data, the SOPR indicator is currently hovering just above the 2.5 level. Historically, a break above the 4.0 level for SOPR is considered a critical threshold indicating that a peak in the Bitcoin market is approaching. However, since the current values have not yet approached this level, experts believe that there is still upward potential in the bull market.
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The bull peak has not been reached yet!
The SOPR indicator, closely monitored by Bitcoin investors, stands out for accurately predicting the peak in previous cycles. The entry of SOPR into the red zone generally indicates that excessive optimism and high selling have begun among investors.
According to CryptoQuant, the current situation indicates that we are still far from a market peak. Nevertheless, investors are advised to be cautious and closely monitor market trends.