Bitcoin [BTC ($92,294.01)] may be on the brink of a critical turning point, with recent market signals suggesting a potential shift in momentum.
The Adjusted Spent Output Profit Ratio (aSOPR) has remained persistently below 1, signaling that many investors are selling at a loss — an indicator often linked to market capitulation.
At the same time, the Coinbase Premium Index is showing signs of recovery, pointing to a potential easing of selling pressure despite recent outflows and typical weekend slowdowns.
Is Bitcoin nearing a market bottom, or is there more volatility ahead?
aSOPR and market bottom signals
aSOPR measures whether Bitcoin investors are selling at a profit or a loss. A reading below 1 indicates that the average seller is exiting at a loss, often aligning with capitulation phases and market bottoms.
Historically, when aSOPR dips below 1 for an extended period and then recovers, it has signaled a shift in trend.
