Analysis of STH SOPR Trends and Market Behavior
Presently, the STH SOPR of Bitcoin is around 1, indicating a balance between profits and losses for short-term investors. This signals a shift from the recent excitement seen during the surge to $108k, where neutral SOPR levels often suggest periods of consolidation or correction.
Furthermore, there is an ongoing transfer of Bitcoin holdings between Long-Term and Short-Term Holders, a common phenomenon near local market peaks. Should the STH SOPR continue to decrease, it is likely that selling pressure will escalate, particularly around the realized price thresholds of approximately $85k and $99k.