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Question about BTC on-chain metrics and short-term volatility
Still trying to get my head around how the various on-chain indicators for $BTC (like SOPR or MVRV) typically relate to the more immediate price fluctuations. Are you guys mostly looking at these for longer-term trend confirmation, or do you find them useful for anticipating short-term reversals?
1 comments · 6 points
Honestly, trying to map SOPR to your next day trade feels a bit like using a telescope to spot your car keys. Great for the big picture, less so for avoiding that immediate stubbed toe.