Bitrabo Editorial
As the cryptocurrency market anticipates a possible bull surge in 2025, analyst IonicXBT has provided an extensive guide for spotting the peak of the Bitcoin market during this cycle. This guide utilizes SOPR (Spent Output Profit Ratio), a lesser-known yet effective metric for Bitcoin analysis.
Understanding the SOPR Metric by IonicXBT
IonicXBT recently informed his 125,000 followers on X (formerly Twitter) about the SOPR metric, which has historically predicted the peaks of previous crypto market cycles, particularly in 2018 and 2021. The SOPR helps determine if the average Bitcoin investor is currently selling at a profit or a loss.
A SOPR value above 1 indicates that most investors are selling their Bitcoin for profit, whereas a value below 1 suggests that loss-selling is prevalent. A chart shared by IonicXBT shows that Bitcoin’s moving average SOPR has dipped below 1.0, suggesting that many investors are selling at a loss.
He noted that the current SOPR decline hints that the lowest point of this correction is approaching, indicating that a market reversal is imminent.
IonicXBT encouraged his followers to stay composed, stressing the importance of SOPR spikes, which often signal market peaks as long-term holders realize their profits. He is dedicated to offering reliable signals for market top identification, focusing on data-driven strategies rather than speculation or hype.
“Rest assured, I will promptly signal the peak without any exaggeration—just solid strategies based on data,” he stated.
Other Insights on Recognizing Bitcoin Market Peaks
While IonicXBT emphasizes the SOPR metric for predicting market highs, analysts like Kaleo have suggested alternative indicators. Kaleo presented an inverse Bitcoin chart predicting that BTC could hit the trendline of his logarithmic growth curve by next year, aiming for a significant price point of around $220,000.
In a recent update, Kaleo expressed a more optimistic outlook, stating, “Okay, I’m changing my stance. Let’s be more bullish.” He analyzed the inverse chart and noted that Bitcoin often sees steep price increases a few months post-halving, when BTC miner rewards are reduced.
Kaleo anticipates that Bitcoin will consolidate for a short period before launching upward to break through several resistance barriers. His chart analysis suggests that Bitcoin might achieve new record highs by early next month. Currently, Bitcoin is trading at $62,092, reflecting a daily increase of over 3%.