Mar 2, 2021 12:17 GMTCrypto News
Bitcoin’s selected on-chain metrics reveal that HODLing is the new strategy for investors.
The aSOPR has hit levels of 0.98, showing that fewer old and profitable coins have been spent.
BTC macro perspective remains strong, especially with Goldman Sachs restarting the trading desk.
Bitcoin must hold above the 50 SMA on the 4-hour chart to avoid losses towards $44,000 support.
Bitcoin briefly reclaimed the position above $50,000 on Monday, suggesting that the uptrend and the bull cycle are still intact. Selected on-chain metrics such as the Adjusted Spent Outputs Profit Ratio (aSOPR) and the Liquid Supply change reveal that investor sentiment is higher as long-term holding emerges as a preferred strategy.