Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The old coins of Bitcoin moves again

2025-05-21

Nitro Labs launches data anchor to lower the storage costs of Solana

2025-05-21

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin [BTC]: To sink or swim, investors uncertain about the next direction of the market
Bitcoin

Bitcoin [BTC]: To sink or swim, investors uncertain about the next direction of the market

2023-05-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • BTC’s price and SOPR moved sideways as investors remain uncertain about the direction of the market.
  • Long held BTC coins remain inactive in wallet addresses.

Like Bitcoin’s [BTC] price continued to fluctuate within a narrow range over the past month, pseudonymous CryptoQuant analyst Joao Wedson found that the coin’s Spend Output Profit Ratio (SOPR) indicator on an 80-day moving average also remained sideways.

Source: CryptoQuant


Read Bitcoin [BTC] Price Forecast 2023-24


The SOPR metric tracks coin holders’ profit or loss by analyzing the difference between the price at which they bought their coins and the price at which they are spent or moved on the blockchain.

When an asset’s SOPR metric moves sideways, it means that the proportion of output spent profitably within a given time frame does not increase or decrease significantly.

According to Wedson, in the current BTC market, this suggests a possible distribution scenario, where short-term holders can sell their coins while the market remains vulnerable to a price drop.

Buy little, sell little. What then?

BTC price trading within a tight range and sideways movement of its SOPR indicator indicate a period of consolidation or indecision on the part of its investors.

This often occurs when market participants wait for more clarity or a new catalyst before taking important positions in the market.

Reviewing BTC’s Bollinger Bands indicator on a 24-hour chart lent credibility to this position. At the time of writing, the price was trading in the middle of the upper band and lower band of the Bollinger Bands.

When the price of an asset trades in such a way, it suggests that there is no strong buying or selling pressure in the market and that the price is moving within a relatively tight range.

See also  Why are cryptos like Bitcoin, Ethereum and XRP crashing?

Also, at -92.12k at time of press, BTC on-balance volume has remained sideways since late April. The indicator uses volume data to track the flow of money in and out of an asset.

When it moves within a tight range, the buying and selling pressures are about equal and both traders and investors remain uncertain about the next direction the market is likely to move.

Source: BTC/USDT on TradingView

Further, long-held BTC coins on-chain have remained dormant, contributing to the sideways movement of the asset’s price. For example, after peaking on April 17, BTC’s Age Consumed stat has been moving down since then.

This metric tracks the number of tokens that have changed address on a given date multiplied by the time since they were last moved. When it peaks, it means that a large number of tokens have changed addresses after being inactive for an extended period of time. This can drive up the value of the asset in question.

Conversely, when the Age Consumed metric falls, long-held coins remain in wallet addresses without being traded.


How much are 1,10,100 BTC worth today


Finally, after a slight dip on April 17, BTC’s Mean Dollar Invested Age (MDIA) metric started to rise. According to Sanitationwhen an asset moves in such a way:

“It means that the location where the investments are located becomes more and more dormant over time. If there is a long period of time (months at a time) where this value continues to rise, it generally means there is some worrying stagnation on that coin’s network. And stagnation makes it difficult for prices to rise further.”

Source: Sentiment

In order for the price of BTC to regain its $30,000 price, sentiments need to improve and long-held coins need to switch hands.

See also  Why this crypto VC is bullish on Ethereum despite ETH following Solana and Bitcoin

Source link

Bitcoin BTC direction investors market sink swim uncertain
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The old coins of Bitcoin moves again

2025-05-21

Trump: 73.64% of investors expect a rally – will they be right?

2025-05-21

Zimbabwe rolls out blockchain-based carbon credit market system

2025-05-21

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LockDealNFT leads with US$617,880 in daily sales

2024-07-25

What is the next step if the Fed rate hike is imminent?

2023-05-02

Trader Predicts Explosive Move for Bitcoin, Says BTC Is Crawling Now So It Can Sprint Later

2023-11-28
Editors Picks

Phishing scammer returns $10 million to victim, 10 months after $24 million Ethereum heist

2024-07-16

Bitcoin whales continue to buy as prices fall. Here’s how much they bought

2024-01-25

Assessing whether a 1,000% increase in whale activity can push QNT to $137

2025-01-17

Colorful Crocs with Doodles Collab!

2023-08-09
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The old coins of Bitcoin moves again

Nitro Labs launches data anchor to lower the storage costs of Solana

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$109,761.992.82%
  • ethereumEthereum(ETH)$2,578.471.96%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.402.05%
  • binancecoinBNB(BNB)$675.363.90%
  • solanaSolana(SOL)$174.263.68%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2375285.13%
  • cardanoCardano(ADA)$0.774.08%
  • tronTRON(TRX)$0.268463-0.19%
  • suiSui(SUI)$3.952.42%
  • chainlinkChainlink(LINK)$16.213.36%
  • avalanche-2Avalanche(AVAX)$23.434.01%
  • hyperliquidHyperliquid(HYPE)$28.477.88%
  • stellarStellar(XLM)$0.2950322.69%
  • shiba-inuShiba Inu(SHIB)$0.0000152.68%
  • hedera-hashgraphHedera(HBAR)$0.1986312.18%
  • bitcoin-cashBitcoin Cash(BCH)$413.915.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.03%
  • the-open-networkToncoin(TON)$3.121.52%
  • polkadotPolkadot(DOT)$4.782.09%
  • litecoinLitecoin(LTC)$97.733.41%
  • moneroMonero(XMR)$392.3311.79%
  • bitget-tokenBitget Token(BGB)$5.241.65%
  • piPi(PI)$0.8411.11%
  • pepePepe(PEPE)$0.0000144.79%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$453.949.71%
  • uniswapUniswap(UNI)$6.365.50%
  • aaveAave(AAVE)$250.47-2.86%
  • nearNEAR Protocol(NEAR)$2.903.25%
  • aptosAptos(APT)$5.333.67%
  • okbOKB(OKB)$52.420.45%
  • ondo-financeOndo(ONDO)$0.994.82%
  • kaspaKaspa(KAS)$0.1120291.80%
  • ethereum-classicEthereum Classic(ETC)$19.184.26%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.461.62%
  • internet-computerInternet Computer(ICP)$5.413.13%
  • gatechain-tokenGateToken(GT)$21.901.87%
  • crypto-com-chainCronos(CRO)$0.0982001.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2444015.82%
  • vechainVeChain(VET)$0.0294723.64%
  • render-tokenRender(RENDER)$4.844.36%
  • mantleMantle(MNT)$0.74-0.37%
  • ethenaEthena(ENA)$0.4119478.68%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • arbitrumArbitrum(ARB)$0.4155065.47%
  • filecoinFilecoin(FIL)$2.994.64%
  • algorandAlgorand(ALGO)$0.2317853.58%
  • bitcoinBitcoin(BTC)$109,761.992.82%
  • ethereumEthereum(ETH)$2,578.471.96%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.402.05%
  • binancecoinBNB(BNB)$675.363.90%
  • solanaSolana(SOL)$174.263.68%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2375285.13%
  • cardanoCardano(ADA)$0.774.08%
  • tronTRON(TRX)$0.268463-0.19%
  • suiSui(SUI)$3.952.42%
  • chainlinkChainlink(LINK)$16.213.36%
  • avalanche-2Avalanche(AVAX)$23.434.01%
  • hyperliquidHyperliquid(HYPE)$28.477.88%
  • stellarStellar(XLM)$0.2950322.69%
  • shiba-inuShiba Inu(SHIB)$0.0000152.68%
  • hedera-hashgraphHedera(HBAR)$0.1986312.18%
  • bitcoin-cashBitcoin Cash(BCH)$413.915.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.03%
  • the-open-networkToncoin(TON)$3.121.52%
  • polkadotPolkadot(DOT)$4.782.09%
  • litecoinLitecoin(LTC)$97.733.41%
  • moneroMonero(XMR)$392.3311.79%
  • bitget-tokenBitget Token(BGB)$5.241.65%
  • piPi(PI)$0.8411.11%
  • pepePepe(PEPE)$0.0000144.79%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$453.949.71%
  • uniswapUniswap(UNI)$6.365.50%
  • aaveAave(AAVE)$250.47-2.86%
  • nearNEAR Protocol(NEAR)$2.903.25%
  • aptosAptos(APT)$5.333.67%
  • okbOKB(OKB)$52.420.45%
  • ondo-financeOndo(ONDO)$0.994.82%
  • kaspaKaspa(KAS)$0.1120291.80%
  • ethereum-classicEthereum Classic(ETC)$19.184.26%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.461.62%
  • internet-computerInternet Computer(ICP)$5.413.13%
  • gatechain-tokenGateToken(GT)$21.901.87%
  • crypto-com-chainCronos(CRO)$0.0982001.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2444015.82%
  • vechainVeChain(VET)$0.0294723.64%
  • render-tokenRender(RENDER)$4.844.36%
  • mantleMantle(MNT)$0.74-0.37%
  • ethenaEthena(ENA)$0.4119478.68%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • arbitrumArbitrum(ARB)$0.4155065.47%
  • filecoinFilecoin(FIL)$2.994.64%
  • algorandAlgorand(ALGO)$0.2317853.58%