Jan 31, 2026
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BEARISH 📉 : Bitcoin traders aggressively take profits amid market uncertainty
The Bitcoin market recently faced liquidations, with prices dropping to approximately $81,000. Although there's been a slight rebound, bearish sentiments persist, with potential declines to $56,000 anticipated. A critical on-chain situation is developing.
Bitcoin aSOPR Analysis
- The Adjusted Spent Output Profit Ratio (aSOPR) assesses whether investors are selling at a profit or loss, ignoring short-term fluctuations.
- Despite Bitcoin's rise from $40,000 to over $100,000, aSOPR exhibited a downtrend, showing lower highs and lows.
- This indicates aggressive profit-taking during rallies, suggesting reduced long-term market confidence.
Current Market Situation
- aSOPR aligns with market trends, with descending channel highs matching local price tops.
- Retesting the lower boundary in a fearful market, with over 30% of supply at a loss.
- MorenoDV sees accumulation opportunities but warns that a fall below this line could trigger market capitulation.
- Bitcoin trades around $83,819, a 0.41% decline in the past day, 34% away from its all-time high of $126,100.
