Bitcoin SOPR back above 1.0: BTC holds $81,000, $83K–86K zone ahead
- —BTC near $81,300, daily range $77,968–81,675
- —SOPR above 1.0 has held for an extended period — a sign of a bull market
- —The $83K–86K zone holds 1.07M BTC and short liquidations
- —Bitcoin hashrate resumed growth after a recent decline
Why it matters: Holding SOPR above 1.0 and breaking the $83K–86K zone could accelerate gains via a short squeeze; a return below 1.0 would signal weakening demand.
Source: Brave New Coin