As the crypto market prepares for a potential bull run in 2025, analyst IonicXBT has shared his. a complete guide about how to identify the Bitcoin market at the top of this cycle. Analysts’ guide is based on SOPR (Spent Profit Ratio)one of the lesser known but most useful metrics for analyzing Bitcoin.
IonicXBT detailed SOPR Metric Guide
IonicXBT on X (formerly twitter) told his 125,000 followers that SOPR metric has accurately predicted the peaks of previous crypto market cycles, citing the events of 2018 and 2021. SOPR is a metric that tells us whether the average investor in the Bitcoin market is selling his coins at a profit or at a loss at the moment.
If the indicator has a value greater than 1, it means that the average owner in the field is selling his coins at a certain profit at the moment. On the other hand, the value below this threshold suggests that the sale of loss is the priority among the participants. According to the chart fell, he seemed to think that Bitcoin moving average The SOPR has fallen below 1.0, indicating that oversold results are being sold at a loss.
He also highlighted that the current decline in SOPR shows that the bottom of the fix is closesuggesting that the market is not yet close.
Interestingly, he urged his followers to remain calm as he emphasized the importance of SOPR spikes, noting that they tend to point to higher markets as long-term holders lock in profits. He also assured them of his commitment to providing accurate signals to identify the top market focusing on real strategies backed by data instead of hype or speculation.
“But don’t worry, I will be the first to give you the signal from the elite. No hype, no nonsense, Just real strategies backed by data,” said the analyst.
Another Guide to Knowing the Bitcoin Market Top Cycle
While IonicXBT highlighted the SOPR metric as a valuable tool for predicting market peaks, other analysts, such as Kaleo, disagreed. the rest references. Kaleo presented a Bitcoin inverse chart suggesting that BTC could reach the line of the logarithmic growth curve next year, possibly rising to a major price level of around $220,000.
In a recent post, Kaleo expressed growing maturity, saying, “Okay, I give up. Be more powerful.” Analyzing the opposite chart, he suggests that Bitcoin tends to have bullish rallies a few months after its halving event, when BTC miner rewards they are cut in half.
Kaleo believes Bitcoin will add a few more days before starting surgery that overcomes many levels of resistance. Based on the chart, he seems to be predicting that Bitcoin will hit an all-time high early next month. At the time of writing, Bitcoin is valued at $62,092, up more than 3% for the day.
The featured image was created with Dall.E, a chart from Tradingview.com