CryptoQuant’s analyst sees Bitcoin’s dip as a major rallying opportunity

Key receivers

Short-term Bitcoin investors sell at a loss, creating potential accumulation opportunities. Indicators such as MVRV and NUPL suggest that the Bitcoin market will remain in an uptrend.

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According to CryptoQuant analyst Mc_D, Bitcoin's decline has created a huge opportunity to accumulate.

The token showed no signs of strength following Monday's selloff from the weekly high of $103,000, but long-term indicators suggest the market's uptrend remains intact.

Analyst MAC_D reported on Thursday that the current bearish sentiment coincides with a dip in Bitcoin's short-term SOPR (Output Surplus Ratio), which fell to 0.987.

This metric indicates that investors who have held Bitcoin for less than six months are now selling at a loss.

Mac_D notes that such periods of short-term investor losses have historically provided good opportunities to collect.

“When short-term investors suffer losses, long-term cycle indicators such as MVRV, NUPL and Puell Multiple often show that the market remains at a high level,” he said.

He added that the current correction does not signal the end of a cycle, and savvy investors can take advantage of the opportunity to accumulate bitcoin at a discount.

Historical data suggests that long-term investors will step in to collect Bitcoin during market corrections as short-term holders sell at a loss.

This behavior, often observed during market corrections, can set the stage for a price correction as selling pressure subsides. At press time, Bitcoin is trading at $93,500.

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