In the event that Bitcoin drops to $60,000: Are we facing a golden opportunity or a new test of patience?
If we recall May 2022, when the LUNA currency collapsed, we find a significant similarity in the psychological behavior of the market. In both cases, the SOPR (Spent Output Profit Ratio) index for long-term investors fell below 1, which means these investors started selling their holdings at a loss.
1️⃣ When the long-term SOPR index drops to this level, it indicates a rare change in investor convictions.
2️⃣ This behavior often appears in the deep stages of bear markets, where long-term investors incur significant losses.
What can we learn from this?
Opportunity or threat?
Historically, such moments have always been golden opportunities for long-term thinking investors. When others sell at a loss, there is an opportunity to buy assets at reduced prices.
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