✔️Im shocked by seeing this charts!! when we were at 43K for the first time, aSOPR experienced a significant rise and made a local top but since then even when we were at 65K, nobody believed that it is BTC's fair cycle top and many people were just HODLing.
✔️Hence aSOPR had been dropping till after
#May when market crashed due to china's FUD. Just see how similar these two charts are.
✔️In 2013 when aSOPR reached below 1, it recovered soon and broke the blue line(which indicates 1), and yellow line broke red line after that then when price crashed on October 02, 30DAY EMA(Yellow line) tested the red line once more.
✔️After that a steep impulsive move started for BTC and it rose about 1000%.If you see the recent chart we are exactly in the same point right now.
@Greatest_trader7