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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Bitcoin Remains Below $95k: Analyst Says It’s a Golden Time to Accumulate—Here’s Why

Samuel Edyme
Samuel Edyme
3 months ago
3 mins read
Bitcoin Remains Below $95k: Analyst Says It’s a Golden Time to Accumulate—Here’s Why

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Created by industry experts and meticulously reviewed
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Este artículo también está disponible en español.

Despite the anticipation of a new year’s recovery, Bitcoin (BTC) has experienced a relatively unstable upside performance since the start of the year, leaving many investors questioning its next move.

Regardless of the lack of significant momentum, recent insights from analysts have brought attention to key trends and accumulation opportunities for BTC. These perspectives provide a deeper understanding of Bitcoin’s market structure and offer strategies for navigating its current environment.

Related Reading

Bitcoin's Current Struggles Could Set the Stage for a Major Comeback—Here’s Why

Bitcoin’s Current Struggles Could Set the Stage for a Major Comeback—Here’s Why

3 months ago

Short-Term Losses Indicate Accumulation Potential

A contributor to CryptoQuant’s QuickTake platform, MAC.D, highlighted an ongoing trend in a post titled “Short-term SOPR Below 1: A Good Time for Accumulation.”

The analysis emphasized that current market conditions, though challenging for short-term investors, may represent an opportune moment for long-term accumulation.

Short-term SOPR below 1, a good time for accumulation

“As short-term investors experience more pain, it often presents better opportunities for accumulation.” – By @MAC_D46035

Further details 👇https://t.co/gNGhFcp7DB pic.twitter.com/BOUJjBFzGp

— CryptoQuant.com (@cryptoquant_com) January 10, 2025

MAC’s analysis focused on the Short-Term Spent Output Profit Ratio (SOPR), a metric that reflects the sentiment of investors holding Bitcoin for less than six months. Currently at 0.987, the metric suggests that these investors are selling Bitcoin at a loss.

Bitcoin Short-Term Spent Output Profit Ratio (SOPR).
Bitcoin Short-Term Spent Output Profit Ratio (SOPR). | Source: CryptoQuant

Historical patterns show that such behavior often precedes market recoveries, making these periods favorable for accumulation.

The analysis also pointed to broader cycle indicators, such as Market Value to Realized Value (MVRV), Net Unrealized Profit/Loss (NUPL), and the Puell Multiple. These metrics indicate that the ongoing market correction does not signal the end of Bitcoin’s upward cycle.

MAC argued that as short-term investors continue to sell at a loss, long-term investors could benefit by acquiring Bitcoin at reduced prices. Mac noted:

If there is further decline from the current price, smart investors will likely accumulate the coins sold cheaply by short-term investors. Therefore, selling coins at this juncture might prove to be a very unwise decision.

Related Reading

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Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals

3 months ago

Bitcoin Market Performance And Outlook

So far, Bitcoin has been unable to make any major movements to the upside, instead, the asset has continued to gradually descend now marking a 12.9% decrease away from its all-time high.

Bitcoin (BTC) price chart on TradingView
BTC price is moving downwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

At the time of writing, BTC trades at $92,905 bringing its weekly performance into a drawdown of roughly 4%. Regardless of this, a technical perspective from Javon Marks, a renowned crypto analyst reveals that Bitcoin might now be gearing up for a massive rally to $140,000.

$BTC (Bitcoin) has set up in another Bull Flag pattern and measured breakout movements can be calling for a MASSIVE MOVE up to prices near $140,000 💥!!! pic.twitter.com/AFEosZ2b6k

— JAVON⚡️MARKS (@JavonTM1) January 10, 2025

Featured image created with DALL-E, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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