Bit Tiger Diary: aSOPR has not reached the despair zone, continue to maintain patience Brothers, the group of people who have been shouting "bull return" recently are probably starting to shout again. Many people are asking me how to view the current position of 68K? To be honest, from the perspective of on chain data, we have not yet reached the moment where people 'sell to doubt their lives'. Speaking of data: This adjusted SOPR (aSOPR) chart is very interesting. Attention everyone, pay attention to the historical bottoms marked in blue circles - early 2019 and late 2022- all have a common feature: indicators will deeply fall below the red line area and repeatedly grind to the bottom at low levels. Although the current aSOPR has fallen below 1, indicating that the market is starting to lose money chips, there is still a significant distance to go before a true "surrender style selling". This downward trend is more like boiling a frog in warm water, not to the point where the market is completely hopeless. What are you thinking at this moment As a trader, the competition at this stage is not about who can react quickly, but about who can endure it better. I still hold most of my positions in cash and only keep a very small amount of observation positions on site. Waiting for a 'double resonance': technical indicators in place+market sentiment in place. A simple price drop is not enough, it must be accompanied by extreme panic displayed by on chain data, that is the real window of opportunity. The most important thing in a bear market is not the bottom fishing technique, but the safety of the principal. Don't use up all the bullets you need at the bottom just to grab a rebound. To the brothers who are following: At this stage: Watch more and move less, control your hands Move bricks well and save capital Enhance cognition and patience The real opportunity often arises when no one is willing to talk about it, rather than when everyone is still discussing whether to bargain. Only when the streets are filled with the sound of meat cutting, is it the best time for us to enter and pick up chips with blood. Continue to observe and wait. Bitcoin BTC SOPR on chain data trader daily