- Bitcoin short-term holders realized losses, reflecting market uncertainty and potential turning points.
- A drop in Bitcoin’s STH SOPR suggested either the risk of deeper corrections or long-term opportunities.
Bitcoin [BTC ($105,971.60)] short-term holders are now selling their holdings at a loss, with the Short-Term Holder Spent Output Profit Ratio (STH SOPR) multiple turning negative.
This metric, which compares the 30-day STH SOPR to its 365-day average, highlights a shift in STH profitability trends.
Historically, such moments have coincided with significant market turning points, signaling either attractive long-term entry opportunities or heightened short-term risks.
What the STH SOPR reveals about BTC
The STH SOPR measures whether Bitcoin short-term holders are selling at a profit or a loss. By comparing the 30-day STH SOPR to its 365-day average, this metric provides a clear trend of STH profitability.
Recent data has revealed that the STH SOPR multiple has entered negative territory, indicating that STHs are selling at a loss.
Historically, such dips often reflect growing market stress but can also present accumulation opportunities for long-term investor…
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