Bitcoin Short-Term Holders Discount Narrows to -5.7%, SOPR Signals Recovery

BTC-0.94%

Gate News message, April 24 — Bitcoin short-term holders (STH) are showing signs of recovery as their discount narrowed from -21.6% to -5.7%, according to on-chain analyst Axel Adler Jr. The STH-SOPR (Spent Output Profit Ratio) 7-day moving average has climbed back above 1.0, indicating that short-term sellers are no longer in significant losses.

However, the current price remains below the $83,000 cost basis, suggesting the market has not yet entered a true risk-on phase. While the improving metrics signal reduced selling pressure from short-term holders, broader market sentiment remains cautious.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments