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Bitcoin short-term holders near return to profitability as STH-SOPR approaches key level


Key Takeaways

  • Bitcoin’s short-term holder output profit ratio (SOPR) is nearing the critical 1 level.
  • A sustained move above this level would signal a shift from loss-realization to organic profit-taking, potentially confirming that a market bottom is in place.

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Bitcoin’s Short-Term Holder Output Profit Ratio (STH-SOPR) is climbing toward the key 1 level, signaling that new investors are nearing break-even on their holdings, according to data from CryptoQuant.

STH-SOPR measures the profitability of transactions by holders who have owned their coins for less than 155 days, comparing selling prices to acquisition costs.

When the metric sits above 1, holders are realizing profits. Below 1 indicates loss realization.

A sustained breakout above the 1.0 threshold has historically marked the end of market shakeouts and the return of positive momentum for Bitcoin.

Bitcoin was trading close to $91,000 at press time, down about 2% in the last 24 hours, per CoinGecko. The crypto asset had climbed above $94,000 earlier this week before pulling back.



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