As 2026 begins, Bitcoin (BTC) is locked in a state of equilibrium, with on-chain data revealing a tense balance between sellers taking profits and persistent demand from long-term holders.
After a volatile 2025, BTC has stalled near the $88,000 mark, and key metrics show a market lacking a clear directional bias.
Selling pressure, while present, is not indicative of panic. The Spent Output Profit Ratio (SOPR), a key on-chain indicator, hovers just below neutral at 0.994. This suggests that coins being sold are moving, on average, close to their original purchase price, ruling out a fear-driv
After a volatile 2025, BTC has stalled near the $88,000 mark, and key metrics show a market lacking a clear directional bias.
Selling pressure, while present, is not indicative of panic. The Spent Output Profit Ratio (SOPR), a key on-chain indicator, hovers just below neutral at 0.994. This suggests that coins being sold are moving, on average, close to their original purchase price, ruling out a fear-driv
1 month ago
