Could Bitcoin Bulls Be Stirring From Their Slumber? 🐂

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Bitcoin‘s price, akin to a rollercoaster, has been dancing around the $100,000 mark, currently at $98,000. A closer look, however, reveals a bearish grip, with a 6% decline over the past month and a 10% drop from its all-time high.

The Fading Roar of Short-Term Bitcoin Sellers

One intriguing metric, the Short-Term Holder Spent Output Profit Ratio (STH SOPR), has caught the eye of a CryptoQuant analyst.

This ratio, a measure of profit or loss for short-term holders (those holding coins for less than 155 days), has been on a downward trend. An analyst named Burak Kesmeci, in a recent QuickTae platform upload, revealed this fading STH SOPR.

A value over 1.00 indicates profit-taking, while below 1.00 suggests losses. In 2025, this metric has shown that short-term holders have sold at a loss during three notable corrections.

Short-Term Holders and the Market’s Future

Kesmeci noted that Bitcoin is currently consolidating between $94K and $97K, with STH SOPR at 0.998, a near-neutral level. This suggests that short-term holders are no longer selling at significant losses, hinting that the panic selling earlier in the year may be subsiding.

This shift is significant because the sentiment of short-term holders often plays a crucial role in the market’s trajectory. When they start turning a profit, they’re more likely to spread positive vibes, potentially attracting new investors and fueling the next bullish phase.

As the STH SOPR stabilizes and Bitcoin finds a steady price range, a stronger rally in the months ahead could be on the horizon. But, as always, the cryptocurrency market keeps us on our toes, so only time will tell.

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2025-02-21 14:13