Prices are currently stuck in a standstill, and the sentiment of “short-term holders” (STH) is beginning to be affected.
Let’s look at how many times over the past year the market has rebounded: In a rebound phase, the segmented local highs often trigger large-scale profit-taking by short-term holders, who then hand over the coins to those buyers who chase breakouts and are prone to FOMO.
But once the price enters a “stagnant rise” phase afterward, these trend-chasing, short-term FOMO buyers often quickly exit the market or even cut their losses and flee.
That’s why we can see in the SOPR_STH data that during rebound periods, as soon as the price weakens, signals of large-scale “loss-taking exits” begin to appear. This is essentially a sign that short-term buyer strength is starting to weaken—because they begin to feel that the price can’t move up, and they’d rather take a small loss and run than wait.
Based on the current SOPR_STH data, although it hasn’t reached a fully bearish level, overall confidence has indeed started to be challenged.
Next, we’ll see whether the market can still provide any additional positive signals of $BTC to reignite everyone’s sentiment—let’s wait and see~
Let’s look at how many times over the past year the market has rebounded: In a rebound phase, the segmented local highs often trigger large-scale profit-taking by short-term holders, who then hand over the coins to those buyers who chase breakouts and are prone to FOMO.
But once the price enters a “stagnant rise” phase afterward, these trend-chasing, short-term FOMO buyers often quickly exit the market or even cut their losses and flee.
That’s why we can see in the SOPR_STH data that during rebound periods, as soon as the price weakens, signals of large-scale “loss-taking exits” begin to appear. This is essentially a sign that short-term buyer strength is starting to weaken—because they begin to feel that the price can’t move up, and they’d rather take a small loss and run than wait.
Based on the current SOPR_STH data, although it hasn’t reached a fully bearish level, overall confidence has indeed started to be challenged.
Next, we’ll see whether the market can still provide any additional positive signals of $BTC to reignite everyone’s sentiment—let’s wait and see~
