Bitcoin's recent price surge has led to a fascinating shift among short-term holders, who are now showing signs of a change in their traditional patterns. With Bitcoin's value climbing above $30,000, many of these investors are in profit. But the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) indicates a decreasing profit margin. So, why aren't these holders jumping ship?
Why are short-term holders HODLing instead of taking profits? Why are short-term holders HODLing instead of taking profits?
Short-term holders are now increasingly holding onto their Bitcoin, potentially setting the stage for a new market dynamic.
2 min read
Updated: Jul. 12, 2023 at 4:23 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.