{"id":500486,"date":"2022-08-30T19:00:34","date_gmt":"2022-08-30T19:00:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=500486"},"modified":"2024-06-11T08:18:25","modified_gmt":"2024-06-11T08:18:25","slug":"bitcoin-asopr-rebounds-1-weakness-remains-market","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/","title":{"rendered":"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market"},"content":{"rendered":"

Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market.<\/p>\n

Bitcoin aSOPR Rebounds From The “1” Mark As Investors Sell The Rally<\/h2>\n

As per the latest weekly report from Glassnode<\/a>, the “get my money back” effect strikes the crypto once again as weakness continues in the market.<\/p>\n

The “Spent Output Profit Ratio<\/a>” (or SOPR in short) is an indicator that tells us whether the overall Bitcoin market is currently selling at a profit or at a loss.<\/p>\n

When the value of this metric is greater than one, it means the average investor is selling BTC at a profit right now.<\/p>\n

On the other hand, the indicator’s value being below the mark implies the market as a whole is realizing some loss at the moment.<\/p>\n

Related Reading: Bitcoin Stablecoin Supply Ratio Is Approaching A \u201cBuy\u201d Signal<\/a><\/em><\/strong><\/div>\n

A modified version of the SOPR is the “Adjusted SOPR<\/a>” (aSOPR), which filters out transactions of all those coins that moved again within an hour of being last transferred. This helps remove noise that doesn’t have any noticeable impacts on the market.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin aSOPR over the past couple of years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the metric has gone down in recent days | Source: Glassnode's The Week Onchain - Week 35, 2022<\/a><\/pre>\n
As you can see in the above graph, the Bitcoin aSOPR seems to have followed specific patterns during different phases of the market.<\/p>\n
It seems like during bull markets the “aSOPR=1” line has usually acted as support, while the level has provided resistance during bear markets.<\/p>\n
Related Reading:  New Report Says Bitcoin Daily Trading Volumes Are Fake, So What\u2019s The Real Number?<\/a><\/em><\/strong><\/div>\n
The reason behind this trend is that the “1” value represents the breakeven point for the market as at this point investors are selling neither at profit nor at loss.<\/p>\n
During bulls, when the metric reaches this point investors start “buying the dip” as they see value in accumulating more around their cost basis.<\/p>\n
However, in bear periods, investors rather prefer to sell any rally as soon as the price gets back around their cost basis since holders see the breakeven mark as “getting their money back” (after losing it to bear losses initially).<\/p>\n
Most recently, the Bitcoin aSOPR has once again failed a retest of this line, and rebounded back down. This shows that there is still weakness present in the market and the bear continues.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $20.3k, down 5% in the past week.<\/p>\n
\"Bitcoin<\/p>\n
BTC has observed some uplift during the last day or so | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The “1” Mark As Investors Sell The Rally As per the latest weekly report from Glassnode, the “get my money back” effect strikes the crypto once again as weakness continues in the market. The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether the overall Bitcoin market is currently selling at a profit or at a loss. When the value of this metric is greater than one, it means the average investor is selling BTC at a profit right now. On the other hand, the indicator’s value being below the mark implies the market as a whole is realizing some loss at the moment. Related Reading: Bitcoin Stablecoin Supply Ratio Is Approaching A \u201cBuy\u201d Signal A modified version of the SOPR is the “Adjusted SOPR” (aSOPR), which filters out transactions of all those coins that moved again within an hour of being last transferred. This helps remove noise that doesn’t have any noticeable impacts on the market. Now, here is a chart that shows the trend in the Bitcoin aSOPR over the past couple of years: Looks like the value of the metric has gone down in recent days | Source: Glassnode’s The Week Onchain – Week 35, 2022 As you can see in the above graph, the Bitcoin aSOPR seems to have followed specific patterns during different phases of the market. It seems like during bull markets the “aSOPR=1” line has usually acted as support, while the level has provided resistance during bear markets. Related Reading: New Report Says Bitcoin Daily Trading Volumes Are Fake, So What\u2019s The Real Number? The reason behind this trend is that the “1” value represents the breakeven point for the market as at this point investors are selling neither at profit nor at loss. During bulls, when the metric reaches this point investors start “buying the dip” as they see value in accumulating more around their cost basis. However, in bear periods, investors rather prefer to sell any rally as soon as the price gets back around their cost basis since holders see the breakeven mark as “getting their money back” (after losing it to bear losses initially). Most recently, the Bitcoin aSOPR has once again failed a retest of this line, and rebounded back down. This shows that there is still weakness present in the market and the bear continues. BTC Price At the time of writing, Bitcoin’s price floats around $20.3k, down 5% in the past week. BTC has observed some uplift during the last day or so | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":500505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,86574,7104,86657,1119,1144],"class_list":["post-500486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-asopr","tag-bitcoin-bear-market","tag-bitcoin-market-weakness","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin aSOPR Rebounds From "1" As Weakness Remains In Market<\/title>\n<meta name=\"description\" content=\"Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin aSOPR Rebounds From "1" As Weakness Remains In Market\" \/>\n<meta property=\"og:description\" content=\"Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-30T19:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:18:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market\",\"datePublished\":\"2022-08-30T19:00:34+00:00\",\"dateModified\":\"2024-06-11T08:18:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\"},\"wordCount\":423,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"bitcoin\",\"Bitcoin aSOPR\",\"bitcoin bear market\",\"bitcoin market weakness\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\",\"name\":\"Bitcoin aSOPR Rebounds From \\\"1\\\" As Weakness Remains In Market\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2022-08-30T19:00:34+00:00\",\"dateModified\":\"2024-06-11T08:18:25+00:00\",\"description\":\"Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/ktsl888.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin aSOPR Rebounds From \"1\" As Weakness Remains In Market","description":"Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin aSOPR Rebounds From \"1\" As Weakness Remains In Market","og_description":"Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-08-30T19:00:34+00:00","article_modified_time":"2024-06-11T08:18:25+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market","datePublished":"2022-08-30T19:00:34+00:00","dateModified":"2024-06-11T08:18:25+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/"},"wordCount":423,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707","keywords":["bitcoin","Bitcoin aSOPR","bitcoin bear market","bitcoin market weakness","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/","name":"Bitcoin aSOPR Rebounds From \"1\" As Weakness Remains In Market","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707","datePublished":"2022-08-30T19:00:34+00:00","dateModified":"2024-06-11T08:18:25+00:00","description":"Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market","url":"http:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-asopr-rebounds-1-weakness-remains-market\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin asopr","bitcoin bear market","bitcoin market weakness","btc","btcusd"],"dateCreated":"2022-08-30T19:00:34Z","datePublished":"2022-08-30T19:00:34Z","dateModified":"2024-06-11T08:18:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-asopr-rebounds-1-weakness-remains-market\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-asopr-rebounds-1-weakness-remains-market\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin asopr\",\"bitcoin bear market\",\"bitcoin market weakness\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-08-30T19:00:34Z\",\"datePublished\":\"2022-08-30T19:00:34Z\",\"dateModified\":\"2024-06-11T08:18:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/kanchanara-9pCV2MB65y8-unsplash-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/500486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=500486"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/500486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/500505"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=500486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=500486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=500486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}