Bitcoin P&L indicator 0.995, trading below $70,000
Original headline비트코인 손익지표 0.995, 7만달러 아래 거래
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Bitcoin fell below $70,000, trading at $65,751 on Binance spot BTC/USDT as of 00:10 on the 15th, with the 30-day exponential moving average of the adjusted SOPR (aSOPR) at 0.995—below the break-even threshold of 1. The daily chart shows BTC breaking below the lower boundary of the ascending channel that had supported its recovery since the June low, extending a decline that began after price was pushed back from around $80,000 in early November. The aSOPR reading below 1 signals that coins moving on-chain are, on average, being sold at a loss, a sign of capitulation pressure that matters for gauging whether sellers are exhausted. Price is also below the 100-day moving average near $78,000 and the 200-day moving average, keeping the broader trend tilted downward. What to watch next is whether aSOPR can reclaim 1 and whether BTC holds above the $65,000 area cited at the time of analysis, or whether the channel breakdown invites a deeper retracement.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Bitcoin (BTC), Binance, CryptoPotato
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