#BTC The short-term SOPR (Spent Output Profit Ratio) metric is an essential tool for tracking the behavior of Bitcoin holders who have held coins for a period between 1 and 155 days. This indicator measures the relationship between the selling price and the buying price of coins, allowing to identify whether investors are taking profits or losses. On November 21, the short-term SOPR reached 1.096, indicating that short-term holders were selling their coins at a profit. This behavior is common during bullish market moments, when investors look to take advantage of recent gains. Historically, the short-term SOPR has also been a useful metric for identifying potential reversal points in the market.

When short-term holders start selling their coins at a loss (SOPR below 1), it usually signals a moment of capitulation, which can indicate the end of a downtrend. Significant corrections that push these investors into negative territory often create attractive buying opportunities for more strategic investors who closely monitor the behavior of this metric. These “sell at a loss” moments tend to reduce selling pressure and pave the way for a market recovery, especially when accompanied by an increase in interest from long-term or institutional buyers, as we are currently experiencing.