{"id":73352,"date":"2026-02-20T19:31:32","date_gmt":"2026-02-20T19:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=73352"},"modified":"2026-02-20T19:31:32","modified_gmt":"2026-02-20T19:31:32","slug":"thinking-of-buying-the-bitcoin-dip-heres-what-this-metric-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=73352","title":{"rendered":"Thinking Of Buying The Bitcoin Dip? Here\u2019s What This Metric Says"},"content":{"rendered":"
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With the Bitcoin price steadily trading sideways<\/a> over the past few weeks, determining a buying entry has become extremely difficult. However, a key on-chain metric is now in the spotlight, providing valuable insights into the matter and allowing investors to pinpoint when to re-enter the market.<\/p>\n

Is Buying Bitcoin Now The Right Time?<\/h2>\n

The ongoing volatility across the broader cryptocurrency market has capped Bitcoin\u2019s upside attempts, keeping it well below the $70,000 mark. In this unfavorable environment, investors and traders<\/a> are watching closely for a definitive signal like a price bottom before they can reenter the market.<\/p>\n

While investors ponder reentering the market, Joao Wedson, a market expert and founder of Alphractal, has published<\/a> a chart that suggests that now is not the ideal time. After a period of bearish action, Bitcoin\u2019s on-chain metrics are beginning to display signs of stabilization. However, a definitive buy signal has yet to emerge from the waning price performance.<\/p>\n

The sole metric here is the Bitcoin Spent Output Profit Ratio (SOPR)<\/a> Trend Signal. Currently, this metric is on a downward trend, indicating that market players are either taking lesser profits on their transactions or experiencing losses more frequently. However, for a confirmed bottom signal to occur, it must drop further below the lower dotted line on the chart, and a crossover between the metrics must take place.<\/p>\n

\"Bitcoin\"<\/p>\n

Even with pockets of accumulation<\/a> and recent price consolidation, the indicator that has historically signaled significant market bottoms has not been activated. Meanwhile, the expert claims that it is possible that a price bottom earlier than in past market cycles, when compared to the time often needed.<\/p>\n

Furthermore, it is possible there may be multiple purchase signals, one for the upcoming months and another for a later stage of the cycle. In the meantime, Wedson has declared that the best strategy for reacting to the current market state is to continue monitoring the Alpha metrics.<\/p>\n

BTC Latent Profits Are Fading<\/h2>\n

Following an analysis of the Bitcoin Net Unrealized Profit\/Loss (NUPL), Darkfost discloses <\/a>that latent profits are melting away as BTC\u2019s correction<\/a> expands. The metric is an effective measure for gauging the weight of profits and losses in the market and offers a clear view of the market when it reaches bearish levels.\u00a0<\/p>\n

Currently, the metric has fallen to 0.18, and a drop into negative territory signals that latent losses dominate the market, typically marking the last phase of capitulation<\/a>. This positioning implies that the average latest profit is 18%, nearing 0. Meanwhile, the six-month average is positioned at 0.42, which shows how fast these corrections have grown, pushing the NUPL down rapidly.<\/p>\n

When the metric falls this quickly and reaches such levels, it is a sign that Bitcoin is still in a bear phase<\/a>. With reduced latent profits, investors become unstable. Darkfost stated that a trend reversal under these circumstances seems difficult and will take some time to materialize.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

With the Bitcoin price steadily trading sideways over the past few weeks, determining a buying entry has become extremely difficult. However, a key on-chain metric is now in the spotlight, providing valuable insights into the matter and allowing investors to pinpoint when to re-enter the market. Is Buying Bitcoin Now The Right Time? The ongoing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-73352","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73352"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73352\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}