Opportunity After Bitcoin Crashes: Price Could Rise 8-42 Percent! - Coin Bulletin

Bitcoin data historically indicates a short-term price recovery ranging from 8% to 42% in the midst of a sharp decline.

According to the analysis by CryptoQuant, the sharp decline in the STH-SOPR metric, which shows the selling-profit ratio of short-term Bitcoin investors, indicates an opportunity for a short-term recovery of 8% to 42%.

Short-term Bitcoin investors, responding quickly to price fluctuations, create an important indicator for short-term market trends. In this context, the STH-SOPR metric provides valuable insights into market sensitivity by tracking whether these investors are generally making a profit or a loss. A CryptoQuant analyst noted that historically, when STH-SOPR has fallen to extremely low levels, it often indicates a short-term price recovery.

According to CryptoQuant analyst, when SOPR significantly fell below the lower band, it resulted in short-term price increases of at least 8 percent and up to 42 percent in the past. Even in the bear market of 2022, the occurrence of similar examples supports the reliability of this signal.

With STH-SOPR reaching extremely low levels again, the question that market participants are most curious about is, "Will history repeat itself?" As the market approaches a critical juncture, monitoring this metric is of great importance for short-term investors.

According to the CryptoQuant analyst, the low levels of STH-SOPR may herald a new short-term buying opportunity in Bitcoin price.