The spent output profit ratio of BTC has risen to 0.987, and the MVRV and Puell Multiple indicators indicate that the market has not yet peaked

PANews reported on January 10th that, according to CoinDesk, BTC fell from a weekly high of $120,000 to $90,000 before rebounding to $95,000. On-chain data shows that the spent output profit ratio (SOPR) of BTC has risen to 0.987, indicating that short-term holders are dumping at a loss, a situation historically associated with price rebounds. Other indicators such as Market Value to Realized Value (MVRV) and Puell Multiple indicate that the market has not yet peaked, providing a buying opportunity at a low price for long-term investors during this pullback.