Bitcoin [BTC] Can be at the point of a critical turning point, with recent market signals that suggest a possible shift in Momentum.
The adjusted output profit ratio (ASopr) has constantly remained under 1, indicating that many investors sell with a loss – an indicator that is often linked to market capitulation.
At the same time, the Coinbase Premium Index shows signs of recovery, pointing to a possible relaxation of sales pressure despite recent outflows and typical weekend delay.
Is Bitcoin approaching a market base, or is there more volatility ahead?
ASopr and market soil signals
ASopr -measurement or Bitcoin investors with a profit or loss. A lecture below 1 indicates that the average seller leaves with a loss, often tailored to capitulation phases and market bottoms.
Historically, when ASOPR drops under 1 for a longer period and then recovers, this has indicated a shift in the trend.
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Source: Cryptuquant
In the graph, red arrows emphasize earlier authorities in which ASOPR dropped under 1, in line with local price bases before Bitcoin recovered.
The most recent decrease in the beginning of 2025 suggests a similar pattern, as a result of the question of whether Bitcoin is approaching another turning point.
If the sales pressure is facilitated and the question strengthens, history can repeat with a different recovery.