• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • 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 Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Bitcoin Bulls Brace For Next Major Rally

    2025-07-23

    Wall Street’s Crypto Moves Just Got Exposed

    2025-07-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Bitcoin’s new wave of demand is not out of question – Here’s why
Bitcoin

Bitcoin’s new wave of demand is not out of question – Here’s why

2023-06-12No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


  • Bitcoin’s SOPR could repeat history, helping investors stay profitable
  • ELR indicated renewed interest in opening BTC derivative contracts 

Expecting a short-term Bitcoin [BTC] recovery is something that many market participants may not hope for. However, a pseudonymous CryptoQuant analyst Crazzyblockk has opined that it is not impossible.


How much are 1,10,100 BTCs worth today?


According to the analyst, the position of the Spent Output Profit Ratio (SOPR) offers this potential. As a macro market sentiment indicator, the SOPR measures the degree of realized profits moved on-chain.

BTC: Offering an advantage to holders

Values over 1 of the SOPR suggest that investors are selling at a profit. On the other hand, SOPR values below 1 indicate average selling at a loss. And, at press time, the value of the metric was above.

However, Crazzyblockk’s argument is the longevity that the metric has had in its current position. In fact, the datasets revealed that Bitcoin’s SOPR has stayed above the value since March. 

Bitcoin Spent Output Profit Ratio (SOPR)

Source: CryptoQuant

This led the analyst to compare the state in 2017 and 2019 with the SOPR at press time. 

Between 2015  and 2016, the SOPR consistently maintained its value above 1. Thus, this led BTC’s price to hit $20,000 in 2017. The analyst also mentioned that the SOPR condition in 2019 was vital to the BTC All-Time High (ATH) in 2021. Crazzyblock added,

“When the number 1 of this data maintain for consecutive months, and the pocket value of these holders moves above this level is a sign of a strong interest in staying in the market and gaining profitability. 2015 and 2019 price cycles are good examples.”

According to the analyst, there is strong interest in the market. Additionally, the current demand is enough to withstand any heavy selling pressure, the analyst added. 

See also  Bitcoin 108% YTD Surge Highlights Crypto's Growing Prominence

Big bets on which direction?

Meanwhile, BTC continued its consolidation over the last 24 hours. Despite that, the Estimated Leverage Ratio (ELR) has been rising. 

Typically, the ELR shows how much leverage is used by users. And, it’s calculated by dividing the Open Interest (OI) by the coin reserves. Lower values of the ELR suggest that investors are being cautious of the leverage used.

However, when the ELR hikes, it means that participants are taking big bets on their derivative traders.

Bitcoin Estimated Leverage Ratio

Source: CryptoQuant


Is your portfolio green? Check the Bitcoin Profit Calculator


Whether long or short, the increase also aligns with the aforementioned discussion around the strong interest in the market.

Additionally, oinonen_t, another CryptoQuant analyst, noted that the liquidity collapse in the market has not negatively affected Bitcoin’s strength. Citing rising accumulation and active addresses, the analyst highlighted, 

“The current selling pressure is coming from the direction of market makers, who recently dumped a huge number of Binance-related altcoins, collapsing the liquidity. In contrast to the challenging market environment, bitcoin’s technical and fundamental indicators mirror strength”

Bitcoins Demand Heres question Wave
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Bitcoin’s Bull Run Is Back – Same as Previous Cycles

2025-07-16

Get Ready For Bitcoin’s Next Leg Up

2025-07-15

Why Bitcoin’s Price Really Matters

2025-07-15
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Bitcoin

Bitcoin To Hit $100,000 By End Of 2024, Standard Chartered Says

2023-11-30

In a bold projection, Standard Chartered, the British multinational bank, envisions a substantial surge in…

NFT

NFT Market Activity Declines, Signaling Shift in Sentiment

2023-06-02

NFT NFT market trade volume has been steadily declining since April 2022, indicating a shift…

Videos

Can These Investors Drive Bitcoin’s Next Surge?

2024-07-23

Dave explains the shift in Bitcoin investment from high-risk, high-reward investors to a new breed…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Why Did Bitcoin and Crypto Dump Today?

2025-07-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

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

bitcoin
Bitcoin (BTC) $ 117,994.61
ethereum
Ethereum (ETH) $ 3,744.09
xrp
XRP (XRP) $ 3.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.91
solana
Solana (SOL) $ 185.01
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235911
staked-ether
Lido Staked Ether (STETH) $ 3,751.96
tron
TRON (TRX) $ 0.320101
bitcoin
Bitcoin (BTC) $ 117,994.61
ethereum
Ethereum (ETH) $ 3,744.09
xrp
XRP (XRP) $ 3.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.91
solana
Solana (SOL) $ 185.01
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235911
staked-ether
Lido Staked Ether (STETH) $ 3,751.96
tron
TRON (TRX) $ 0.320101