Post
Topic
Board Speculation
Merits 4 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
SKRAAA
on 28/10/2021, 10:53:28 UTC
⭐ Merited by Cyrus (2) ,Arriemoller (1) ,JayJuanGee (1)
I regularly read this thread but today I wanted to share some news with you guys - see in second half of my post. But first, I want to introduce you to an indicator I discovered recently and I think it's greatly valuable.
I haven't really seen anyone here talking about Long Term Holder SOPR (Spent Output Profit Ratio) which is really useful on-chain indicator for predicting severe corrections before they happen. That's my contribution for today, I hope someone will find it useful.
It's available on Glassnode and CryptoQuant: https://cryptoquant.com/overview/btc-market-indicator/16442?window=day
When the ratio goes up (above 9 is considered warning), considerable amount of Bitcoin moved out from long term HODL wallets, meaning some whales are preparing to sell on exchanges and price correction is very likely.

And now the happy news from my life. I bought the dip yesterday, just hours after my little brother Miha was born. I decided to give some Bitcoin as a gift for Miha. And the date of the first transaction is his birthday which is really cool, right?
I wonder how much it's going to be worth in 10 or 20 years. Never too early to start investing Cheesy
Here is his vanity address if you feel generous today and want to gift him a few sats: 3Miha3LSkHrtioPfgismPCQ6KfUa4wzPu1
I promise I will not touch this address. Ever. I will teach him all about Bitcoin when he's old enough.
Have a wonderful day WO gang!!