POPA ReconThe current bid is strong enough that $BTC can be spent in profit without price immediately rolling over.
The current bid is strong enough that $BTC can be spent in profit without price immediately rolling over. A sustained entity-adjusted SOPR above 1 is characteristic of a bull market. A break back below 1 would signal that this demand is fading.
The excerpt is quoted from a public Telegram channel, which owns its text.