Bitcoin's price has been going up and down lately! Experts are watching something called the 'SOPR' to see what might happen next. It's like a special number that shows if Bitcoin owners are making or losing money.
- SOPR is a number that shows if Bitcoin owners are selling at a profit or a loss.
- A SOPR above 1 means most owners are selling at a profit. Below 1 means they are selling at a loss.
- Right now, the SOPR for short-term Bitcoin owners (people who bought recently) is at 1, which means they are breaking even.
- If it goes above 1, it might mean Bitcoin's price will go up. If it stays below 1, it might go down.
| Thing | Number/Fact |
|---|---|
| Bitcoin's current price (around) | $29,000 |
| Short-term Bitcoin owners SOPR | 1 (break-even) |
| Important level for SOPR | 1 (above this means more profit) |
It's exciting to see what will happen next with Bitcoin!
