๐ Short-term holders are again realizing losses after 4 months
๐ The SOPR of STH (30D MA) fell below 1, indicating that short-term investors are selling at a loss.
๐ This occurs despite the BTC rally from $60K to $125K, with descending peaks of the SOPR instead of retail euphoria.
๐ฆ The divergence indicates that the rise was sustained by strong and institutional hands, not by speculators.
โณ Historically, cycle highs occur with extreme peaks of greed, something that has not yet been seen, suggesting a healthy pause in a larger bullish cycle.
๐ The SOPR of STH (30D MA) fell below 1, indicating that short-term investors are selling at a loss.
๐ This occurs despite the BTC rally from $60K to $125K, with descending peaks of the SOPR instead of retail euphoria.
๐ฆ The divergence indicates that the rise was sustained by strong and institutional hands, not by speculators.
โณ Historically, cycle highs occur with extreme peaks of greed, something that has not yet been seen, suggesting a healthy pause in a larger bullish cycle.