Cryptocurrency analyst Crypto Dan diagnosed that the market has the potential to shift from a downtrend cycle to an uptrend cycle, as the Bitcoin (BTC) Short-Term Holder SOPR (Spent Output Profit Ratio) indicator strongly rebounded, ending an 11-month bearish trend. He stated, “After BTC began to decline from $120,000 in October 2025, investors showed a tendency to sell their holdings primarily at a loss or break-even level for approximately 11 months. Subsequently, it fell to $58,000 last July, reaching half its peak value, and this range could be a potential bottom. He analyzed, “The fact that the price is absorbing profit-taking sell-offs during the recent surge and maintaining a strong trend is a distinct difference from the previous 11 months.”
