Bitcoin Enters Loss-Dominant Phase: Short-Term Holder SOPR Weakens

TL;DR:

Bitcoin is attempting to hold above the $90,000 level as the market enters a new and increasingly decisive phase. After weeks of tight consolidation, BTC appears to be coiling for a volatile move, with price action compressing while conviction remains fragile on both sides of the market.

Key Points:

Background:

Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.