Odaily Planet Daily reports: CryptoQuant analyst Darkfost posted on X that the Short-Term Holder SOPR (STH SOPR) has recently shown a notable change. This metric measures the realized profits of short-term holders who have held Bitcoin for less than six months, and it has now risen above 1 to approximately 1.01—the first time in over a year that it has entered the profit zone.
Darkfost noted that during the previous bear market, Bitcoin short-term holders remained in an average loss state for approximately one year, whereas the current level is significantly higher than the brief reaction seen in May this year, indicating improving optimism among short-term holders. A healthy market is not one without profit-taking, but rather one that sees consistent and moderate realization of profits—especially from short-term holders, who are the most active and sensitive group in the market. If the 30-day moving average of STH SOPR can remain at its current level, it would be a very positive signal, as historically, each bull market has been accompanied by sustained profit realization by short-term holders.