Question about BTC on-chain metrics and impact on price action
asked by u/tbautista · 3d · 0 answers
Hey everyone, still trying to wrap my head around how some of these on-chain metrics really translate into actionable insights for $BTC. I see people throwing around terms like 'SOPR' or 'MVRV-Z Score' and while I understand the basic definition, I'm struggling to see how they're used in conjunction with typical price action analysis. Like, if SOPR is showing high profit-taking, does that always mean a pullback is imminent, or are there nuances I'm missing? How do you guys integrate these into your trading decisions?