After trading at a high of $20,770 on 26 October, BTC shed its gains as the entire cryptocurrency market retraced. Interestingly, on-chain data, including Short Term Output Profit Ratio (STH SOPR), BTC Exchange Reserves, Net Unrealized Profit and Loss (NUPL), and Market-Value-to-Realized-Value (MVRV) revealed that we were still in a “buy market.”
