Bitcoin News Today: Bitcoin on-Chain Signals Point to Potential Long-Term Entry Zones

Bitcoin’s on-chain activity continues to signal potential entry points for long-term investors as the market consolidates near $115,000. Recent data reveals that short-term holders (STHs), who typically hold Bitcoin for less than 155 days, are under pressure, with their average realized profit remaining below the 1.05 threshold since November and December 2024 [1]. This stagnation in STH profitability suggests that many recent market entrants are struggling to secure meaningful gains, a pattern historically observed before major directional moves [3].

The Spent Output Profit Ratio (SOPR), a key metric tracking the average profit or loss realized when a UTXO is spent, remains at the neutral level of 1. This implies that, on average, STHs are neither making a profit nor a loss on their transactions [1]. Analyst Darkfost notes that such a scenario often occurs when latecomers enter the market during price surges, leaving them in a holding pattern until further price appreciation occurs [1]. In bull cycles, this dynamic typically precedes periods of capitulation, where weaker hands sell off at a loss, creating attractive DCA opportunities for more disciplined investors [3].

Bitcoin’s current price action reflects this indecision, as the asset remains in a tight range around the 50-day moving average at $115,712. A sustained breakdown could lead to further testing of the 100-day moving average near $110,833, while a successful rebound would likely target the $130,000–$135,000 region [1]. The 200-day moving average at $100,339 remains the critical support level that, if breached, could indicate a broader trend reversal [1].

The SOPR signal is being closely watched as a potential leading indicator of market turning points. While it does not guarantee an immediate bullish move, it suggests that the market may be approaching a stage where strategic entry points for long-term investors become more favorable [1]. Institutional activity also reflects a shift in positioning, with smart money flows showing a growing interest in alternative assets like Solana and XRP, indicating a possible reallocation ahead of broader volatility [2].

Despite these signals, Bitcoin remains a highly volatile and speculative asset. Investors are cautioned to remain aware of the risks involved, including the possibility of losing part or all of their investment [4]. Corporate holders, such as MicroStrategy, have also shown mixed performance in pre-market trading amid broader market weakness [5].

[1] NewsBTC, https://www.newsbtc.com/bitcoin-news/bitcoin-sopr-shows-potential-entry-zones-short-term-holders-face-pressure/

[2] Mitrade, https://www.mitrade.com/au/insights/news/live-news/article-3-1048641-20250818

[3] CryptoRank, https://cryptorank.io/news/tag/bitcoin-analysis

[4] CryptoDnes.bg, https://cryptodnes.bg/en/chainlink-price-prediction-how-this-infrastructure-giant-is-positioned-to-dominate-the-2025-crypto-bull-run/

[5] Stocktwits, https://stocktwits.com/news-articles/markets/equity/ashton-kutcher-checks-into-soho-house-deal/chsOa9JRdX2