Bitcoin short-term holders near return to profitability as STH-SOPR approaches key level
Crypto Briefing
Bitcoin's Short-Term Holder SOPR is nearing 1.0, indicating short-term traders are close to breaking even.Summary
Bitcoin's Short-Term Holder Output Profit Ratio (STH-SOPR) is approaching the critical 1.0 level, suggesting that investors who acquired their coins within the last 155 days are nearing profitability. STH-SOPR compares selling prices to acquisition costs, where a value above 1 signifies profit-taking and a value below 1 indicates loss realization. Historically, a sustained move above 1.0 has signaled the end of market shakeouts and the confirmation of a market bottom, potentially ushering in renewed bullish momentum for Bitcoin, which was trading near $91,000 at the time of the report.
(Source：Crypto Briefing)