- Bitcoin trades above $100,000 even as STH SOPR dips to 0.99, indicating short-term profits have now been fully absorbed.
- Short-Term Holders are now selling at a loss, reflecting an end to immediate profit opportunities and reduced reactive selling behavior.
- Selling pressure appears to have cooled as STH exhaustion signals a potential shift toward market stability or renewed upward momentum.
Short-Term Holders (STH) have started realizing losses as the STH SOPR (Spent Output Profit Ratio) dips below 1. This metric, now at approximately 0.99, indicates that STH are no longer selling at a profit. Despite Bitcoin trading steadily above the $100,000 mark, the STH SOPR shift reveals a new phase in market behavior.
According to a recent post by Darkfost_Coc on X, “STH starts selling at a loss… the available profits on the market have been fully absorbed.” The tweet suggests that current selling activity is no longer driven by quick gains. This transition may mark the exhaustion of short-term profit opportunities.
The negative SOPR reading implies that Bitcoin has reached a point where short-term profits are scarce. With STH typically the fastest to react to price movements, their willingness to sell at a loss shows the market may be reaching stability.
STH Behavior Suggests Selling Pressure May Be Fading
Short-Term Holders are often regarded as highly sensitive to volatility. A negative SOPR from this group reflects that current price levels are no longer offering immediate gains. This tends to reduce the likelihood of further rapid sell-offs from this segment.
With STH already having sold at lower margins or losses, a potential cooldown in short-term sell pressure may follow. This scenario can often precede a period of price consolidation or renewed upward momentum, particularly when long-term holders remain steady.
Furthermore, the tweet by Darkfost_Coc emphasized that, “the selling pressure from STH has been exhausted at this price level.” This reinforces the view that the market might be finding a short-term equilibrium.
BTC Holds Ground as Market Digests STH Activity
Bitcoin’s current stability above $100,000 trading at 104,142 as of writing, remains unaffected despite STH selling at a loss. This suggests strong underlying demand or conviction among other participants in the market. The STH activity, while noteworthy, has yet to disturb broader market confidence.
While the SOPR is marginally below 1, the transition is viewed by some market observers as a healthy development. With short-term profits absorbed, future gains may rely more on organic demand than reactive selling.
This phase may also encourage some STH to re-enter at similar or higher price levels, especially if momentum returns.
