As the cryptocurrency market prepares for a possible bullish trend in 2025, analyst IonicXBT has shared his Complete guide on how to identify the bitcoin market top in this cycle. The analysts' guide is based on SOPR (Spent Production Utility Ratio)one of the lesser-known but very useful metrics for analyzing bitcoin.
IonicXBT SOPR Metrics Detailed Guide
IonicXBT on x (formerly twitter) told his 125,000 followers that the bitcoin/bitcoin-set-for-critical-price-resistance-encounter-analyst/” rel=”nofollow noopener” target=”_blank”>SOPR Metric has consistently and accurately predicted the highs of previous cryptocurrency market cycles, citing examples from 2018 and 2021. SOPR is a metric that tells us whether the average investor in the bitcoin market is selling their coins at a profit or loss right now.
When the indicator has a value greater than 1, it means that the average holder in the sector is selling their coins at a profit at the moment. On the other hand, a value below this threshold implies that selling at a loss is dominant among participants. x.com/theionicXBT/status/1836259761601548695″ rel=”nofollow” target=”_blank”>chart He dropped, seeming to think that The bitcoin Moving Average The SOPR has fallen below 1.0, indicating that most of the spent products are being sold at a loss.
He also highlighted that the current decline in the SOPR indicates that the btc/bitcoin-price-bounces-60k/” rel=”nofollow noopener” target=”_blank”>The bottom of the correction is nearsuggesting that the market is not yet closed.
Interestingly, he urged his followers to remain calm while emphasizing the importance of SOPR spikes, noting that they often signal market tops as long-term holders lock in profits. He further assured them of his commitment to providing accurate signals to identify market tops, which focuses on real data-backed strategies rather than hype or speculation.
But don't worry, I'll be the first to give you the sign of the summit. No exaggeration, no nonsense, “Only real strategies backed by data,” the analyst said.
Alternative Guide to Knowing the Maximum Cycle of the bitcoin Market
While IonicXBT has highlighted the SOPR metric as a valuable tool for predicting market highs, other analysts, such as Kaleo, have shared x.com/CryptoKaleo/status/1836129075074650177?s=19″ rel=”nofollow” target=”_blank”>alternative Indicators. Kaleo has presented an inverse chart of bitcoin that suggests btc could reach the trendline of its logarithmic growth curve next year, potentially rising to a massive price target of around $220,000.
In a recent post, Kaleo expressed growing optimism, stating: “Okay, I’m giving up. Be more optimistic.” Analyzing the reverse chart, he suggests that bitcoin tends to experience strong rallies a few months after its halving event, when bitcoin-news/challenges-mount-for-bitcoin-miners-as-difficulty-surges-to-record-high/” rel=”nofollow noopener” target=”_blank”>Rewards for btc miners are cut in half.
Kaleo believes that bitcoin btc/bitcoin-risk-57500/” rel=”nofollow noopener” target=”_blank”>consolidate for a few more days before initiating gains that break multiple resistance levels. Based on the chart, it seems to predict that bitcoin will hit new all-time highs early next month. At the time of writing, bitcoin is valued at $62,092, up more than 3% on the day.
Featured image created with Dall.E, chart from Tradingview.com
