CryptoQuant: данные SOPR подтверждают завершение капитуляции биткоина

cryptonews.ruPublicado a 2025-11-22Actualizado a 2025-11-22

Исследователи CryptoQuant опубликовали новый отчет, заявив, что резкое падение котировок биткоина (BTC) ниже $105 000 не было коррекцией. По их мнению, это стало полноценным событием капитуляции. Аналитик Chairman Lee подчеркнул, что ключевой индикатор SOPR (Spent Output Profit/Loss Ratio) дал однозначный сигнал о завершении фазы панических продаж.

По данным CryptoQuant, на графике SOPR зафиксировано резкое падение показателей ниже отметки 1 — уровня, при котором участники рынка массово продают активы в убыток. Этот обвал, наблюдавшийся в последние 48 часов, стал подтверждением того, что многие держатели, покупавшие BTC по $105 000–$110 000, капитулировали, зафиксировав убытки и покинув рынок.

Ли отметил, что подобные движения исторически совпадают с формированием структурных минимумов. Когда происходит массовая фиксация убытков и вымывание краткосрочных спекулянтов, рынок получает фундаментальную поддержку, которая в дальнейшем становится точкой разворота.

По мнению эксперта, уровень $98 000–$99 000 стал не просто технической поддержкой. Это — «точка максимальной боли», после которой рынок окончательно поглотил объем принудительных продаж. Данный диапазон теперь рассматривается как основание для нового цикла накопления.

«После завершения капитуляции, аналитики ожидают переход рынка из фазы паники в стадию восстановления. Основная зона сопротивления BTC находится в диапазоне $106 000–$108 000. Прорыв выше этого уровня подтвердит разворот тренда и возвращение интереса институциональных инвесторов», — заявили эксперты. В CryptoQuant заключили, что текущие данные указывают на очищение рынка от избыточного плеча и краткосрочных спекулянтов.

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