#比特币链上数据分析 Seeing this on-chain Bitcoin data analysis report, I feel that market sentiment is undergoing subtle changes. The SOPR ratio has dropped to 1.35, hitting a new low this year, indicating that the profit-taking peak has passed. This indicator often signals the formation of a local bottom. If it truly reverses upward, it could be the starting point of the next market cycle.

However, I still prefer to wait and see a bit longer. After all, the $89,700 level is still relatively high, and the risk is not small. I will closely monitor the movements of several excellent traders to see if there are signs of increased positions. If I do follow their trades, I will adopt a phased position-building strategy to control risk exposure.

Currently, my strategy is: 30% in a wait-and-see mode, 40% prepared for low-entry buying, and the remaining 30% following traders' operations. After all, practice makes perfect; only by participating with real capital can you truly understand market dynamics. Everyone should also act within their means and find a rhythm that suits them.