Bitcoin2026-09-06 08:57:43Bitcoin STH SOPR Turns Positive for First Time in Over a Year, CryptoQuant Analyst NotesCryptoQuant 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.740
Bitcoin2026-08-13 04:06:52Bitcoin Faces Two-Month Resistance at Short-Term Holder Realized Price, Trader WarnsIn a post on X, trader Murphy (@Murphychen888) said the realized price for bitcoin's short-term holders — defined as coins held for less than three months — is currently around $67,900. Since June 20, bitcoin's bounce near that level has been repeatedly suppressed, with the resistance now persisting for nearly two months. The slope of the cost curve has also flattened to near zero, suggesting that the turnover of related coins is steadily declining. Murphy noted that similar patterns appeared in late bear markets in 2018 and 2022, when BTC was capped below the three-month realized price for roughly three months before the BCH hash war and the FTX collapse led to sharp price swings. He believes the prolonged suppression under this cost line may reflect a structural weak balance in the market — any external force could break it.1290
Bitcoin2026-06-25 19:01:50Bitcoin Drops Below $60K: Institutional ETF Outflows and On-Chain Data Reveal Potential Support at $53,400Bitcoin continues to face downward pressure, breaking below the $60,000 threshold. Institutional ETF outflows, led by GBTC, are intensifying spot selling. On-chain data shows the realized price at approximately $53,400 emerges as a potential bottom zone, while short-term holder cost basis has dropped to $71,400, indicating new capital accumulation at lower prices. Macro headwinds from a strong U.S. dollar and stable Treasury yields add to the pressure. This article summarizes the market dynamics and key support levels based on MarsBit reporting.1790
Bitcoin2026-06-25 13:01:43Bitcoin Drops Below $60K: Institutional ETF Outflows and Spot Selling Dominate; On-Chain $53.4K Realized Price Signals Potential BottomBitcoin's price continues to weaken, falling below $60,000, primarily driven by persistent outflows from institutional ETFs (led by GBTC) and dominant spot selling pressure. On-chain data reveals the realized price at $53,400 as a potential bottom zone, while short-term holder cost basis has dropped to $71,400, indicating new accumulation at lower levels. Macro headwinds from a strengthening US dollar and steady Treasury yields are also weighing on Bitcoin.1830
Bitcoin2026-06-05 07:05:47Analyst: Bitcoin Selling Pressure Intensifies, $54,000 Could Be Bulls' Last StandCryptoQuant analyst Axel Adler Jr highlights that Bitcoin's selling pressure is intensifying as it retests the $62,000 low, with a 7-day net realized loss of $7 billion. If it breaks below the February low, the $54,000 average realized price becomes critical support; further down, the long-term holder cost basis of $49,000 marks a cycle bottom defense.500
