"Short Holder (STH) SOPR Indicator Concept and Interpretation Method"

Let's take a look at the 'short-term holder SOPR indicator', an indicator that shows the profit or loss of investors holding Bitcoin for less than 6 months.

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Values ​​greater than 1 indicate that Bitcoin is being sold at a profit.

A value equal to 1 indicates a neutral state, neither gain nor loss.

Values ​​less than 1 indicate that Bitcoin is being sold at a loss.

recent move

Bitcoin is up 6%, causing the Short Holder SOPR indicator to break above 1. This means that short-term holders, on average, are selling Bitcoin at a profit.

Implications and Prospects

A rise in the Short Holder SOPR indicator along with the recent surge in Bitcoin price can be seen as a positive sign for the market. This indicates that the sentiment of short-term holders is likely to change positively, and if the '1' baseline is maintained, the Bitcoin price is expected to stabilize further.