According to glassnode, Bitcoin's Adjusted Spent Output Profit Ratio (aSOPR) currently stands at 1.01, just above the breakeven point. Historically, similar resets in mid-2020 and late 2023 preceded market rallies. The current level indicates a potential for buyer absorption if it maintains, whereas a decline below could suggest increased sell-side pressure. Traders should watch this as a key moment for trend confirmation.

According to Michaël van de Poppe, Chainlink has commenced a new bullish cycle, characterized by higher highs and higher lows, indicating a potential continuation of its upward trajectory. This trend confirmation is crucial for traders looking to capitalize on the momentum. Source: Michaël van de Poppe's Twitter.