STH SOPR (Short-Term Holder Spent Output Profit Ratio) is an important indicator that reflects the profit or loss status of short-term investors. Since the current value is above 1, it can be said that most transactions are profitable. However, the 1.03 level is seen as a significant resistance point.
At this level, it is likely that investors may start to realize their profits, meaning they could begin selling their Bitcoin holdings. This could create selling pressure on the price. However, if market conditions are favorable and investors believe that prices will continue to rise, this resistance level could be breached. If the resistance is broken, an upward movement in Bitcoin’s price may continue.
Written by tugbachain
