Glassnode predicts BTC break-out as investors refuse to realize losses

A Jan. 25 report published by crypto data aggregator Glassnode has noted that Bitcoin’s adjusted Spent Output Profit Ratio, or aSOPR, suggests that a further decrease in prices will leave many investors in the red according to when their holdings last moved on-chain. Despite the metric suggesting few investors are sitting on paper-profits, Glassnode interprets […]