This Wacky Chart Tells You When to Dump Bitcoin (But Will It Work?)

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Once upon a unremarkably chaotic day in the land of CryptoLand (where reality is more warped than a bendy straw), a beady-eyed CryptoQuant goblin rattled on about a magical number called SOPR, which—contrary to first impressions—was not a misspelling of *supper* (sorry, hungry folks, you’ll have to keep gnawing on your ledgers).

Short-Term Bitcoiners: Heartbreakers and Pancake Flippers 🍳

If you’ve picked up a piece of Bitcoin within the last 155 days, congratulations! You now belong to a ragtag fellowship known as the ‘Short-Term Holders’ (STHs). Think of them as the jittery squirrels at a nut sale, always twitching with every market gust. The other group, of course, are the ‘Long-Term Holders’ (LTHs)—stoic, grizzled types who still reminisce about that time they bought coffee using half a Bitcoin.

The STHs, much like over-caffeinated rabbits, react quickly (some would say, too quickly) to every price burp. Conveniently for nosy analysts, this makes their behavior easy to follow on the magical SOPR scoreboard (Spent Output Profit Ratio, but let’s be honest—SOPR is easier to spell and almost as satisfying as a crispy potato chip).

This snazzy SOPR indicator peeks into every wallet, rummages through dusty transaction receipts, and asks: “When you sell, are you smugly counting profits or crying into your keyboard?” When the SOPR is above 1, there’s much profit-munching. Below 1? Despair and misplaced optimism galore.

Still with me? Great. Because—drumroll, please—here’s the chart that launched a thousand memes:

See those colored zones? The green zone is the valley of tears—short-termers selling at losses. That’s apparently when savvy goblins (like yourself) start hoarding coins. Then there’s the red zone, where everyone’s rolling in profit—supposedly the moment to hurl your Bitcoin into the wild winds in hope of a fat payday. But don’t get too giddy: the chart’s about as precise as a chocolate teapot, so the analyst suggests sneaking in or out, not leaping like a lemming.

Last time the STH SOPR went green, panic struck, coins were dumped, and brave accumulators quietly gobbled them up. Recently, however, price soared, SOPR’s back above 1, but our heroes haven’t tiptoed into the profit (red) ballroom yet.

Moral of the story: Going by SOPR, the party planner says it’s not quite exit time—but check back after the next cake fight 🎂.

BTC Price—Because Numbers Make Us Feel Smarter

For those who skipped straight to the dessert tray: Bitcoin bounced more than 10% last week and danced past the $104,000 mark, fueling dramatic tweets and at least three impulsive Lamboghini purchases.

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2025-05-13 09:24