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Analysis: Bitcoin Indicators Show Profit-Taking Phase Fading, Seller Pressure Nearing Exhaustion

2 hours ago

On December 6, CryptoOnchain tweeted that Bitcoin’s SOPR Ratio has fallen to 1.35—its lowest level since early 2024. As Bitcoin pulls back to $89,700, this indicator signals the market’s profit-taking dynamic has fully “reset.” The phase where long-term holders lock in large profits is waning, suggesting selling pressure is nearing exhaustion. Historical data shows that during market cooling phases, an SOPR Ratio drop to this low level often signals a local bottom is forming. A trend reversal at this point could lay the groundwork for the next phase of a healthy uptrend. BlockBeats Note: The Bitcoin SOPR Ratio is a relatively advanced on-chain analysis indicator. Derived from the Spent Output Profit Ratio (SOPR), it primarily gauges whether the market is overall in a profit or loss-dominated state, helping assess where the market stands in the bull-bear cycle.
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Analysis: Market Sentiment Turning Point Is Quietly Approaching, BWTS Pattern Indicates Rebound Potential

On December 6, on-chain data analyst Murphy noted that the short-term Behavior-Weighted Trend Signal (BWTS) can identify true hodler sell-offs and trend surrender behavior. The indicator accounts for both whether investors are selling BTC at a loss and measures "held-for-a-period" forced capitulation chips. Historical data shows that when the BWTS (red line) and BTC price (black line) diverge, it signals a gradual clearing of panic selling—often leading to a rebound or reversal. After the May 2022 Luna flash crash, the previously near-zero BWTS diverged sharply again, breaking the prior divergence pattern; the rebound did not turn into a reversal, instead leading to a deeper bear phase. Currently, the BWTS pattern resembles past setups, indicating potential conditions for a rebound. The rebound is not considered over until this divergence breaks.

11 minutes ago

OKX will list NIGHT (Midnight) spot trading

OKX is set to list NIGHT (Midnight) spot trading, with the NIGHT/USDT spot pair scheduled to go live on December 9, 2025 at 18:00 UTC+8.

11 minutes ago

Wu Qing: Promoting the Layout and Application of Artificial Intelligence, Big Data, Blockchain, and Other Technologies in the Capital Market

December 6th — Per the Securities Times, at the 8th Member Conference of the China Securities Association, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that financial technology innovation is booming, profoundly transforming and reshaping the financial market ecosystem. Industry institutions should embrace, adapt to, and actively drive change: conduct in-depth research, explore steadily, and push deployment and application of technologies like artificial intelligence (AI), big data, and blockchain in the capital market. The CSRC will collaborate with industry associations to advance the securities industry’s innovation pilot program mechanism, expand regulatory sandbox and other application scenarios, and strengthen monitoring, supervision, and risk response for financial innovation activities.

11 minutes ago

「Cool Dollar-Cost Averager」 started from scratch 10 days ago with an initial investment of $200,000 and now has a total account balance of $1.5 million.

On December 6, data from Coinbob Popular Address Monitoring (via Coinbob Popular Address Monitoring) reveals: Over the past hour, the **"Cool-Headed King of Shorts"** partially closed a ZEC short before re-adding to the position. Today, it has continued expanding its BTC and SOL short positions and opened a new MON short. Its current total holdings sit at ~$24.18 million. Notably, the address has flipped a $300k floating loss from two days prior into profit—current total floating profits on the account are ~$570k. **Key Position Breakdown:** - 40x Leveraged BTC Short: ~$16.03M position | $370k floating profit (94%) | Avg. entry $91,600 - 20x Leveraged SOL Short: ~$4.48M position | $80k floating profit (36%) | Avg. entry $135 - 10x Leveraged ZEC Short: ~$3.35M position | $110k floating profit (32%) | Avg. entry $365 - 5x Leveraged MON Short: ~$300k position | $4.8k floating profit (8%) | Avg. entry $0.027 Pe

11 minutes ago

Wu Qing: Deeply Analyze and Prudently Treat New Formats Such as Cryptographic Assets

On December 6, Securities Times reported that at the 8th Member Conference of the China Securities Association, Yi Huiman, Chairman of the China Securities Regulatory Commission (CSRC), emphasized strengthening risk prevention in key areas. He noted special attention should go to business segments like margin trading, OTC derivatives, and private fund management, plus institutions such as out-of-town headquarters subsidiaries. Key risks—including credit, liquidity, and compliance—must be closely monitored to proactively head off issues. For new formats like crypto assets, a thorough assessment is required, and a cautious approach is needed. If risks cannot be clearly identified, operations will be resolutely restricted, and any illegal activities will be strictly prohibited.

11 minutes ago

Affected by the Binance Futures listing news, POWER experienced a short-term 40% price surge.

On December 6, market data shows POWER rallied 40% in the short term, driven by its listing on Binance USD-M Futures. As of press time, the token is trading at $0.1637, with a market capitalization of $34.39 million.

11 minutes ago