CryptoQuant analyst Darkfost noted on X that Bitcoin's short-term holder spent output profit ratio (STH SOPR) has risen above 1, reaching approximately 1.01. This marks the first time in over a year that the metric has entered profit territory. The STH SOPR measures the realized profit or loss of holders with positions less than 6 months.
CryptoQuant analyst Darkfost said in a post on X that Bitcoin's short-term holder spent output profit ratio (STH SOPR) has climbed above 1 and now sits around 1.01. First time in more than a year. That puts the metric back in profit territory. The STH SOPR tracks the realized profit or loss of short-term holders, meaning those who have held Bitcoin for less than 6 months. And when the reading is above 1, it means short-term holders, on average, are selling for a profit.
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