We are seeing less profit-taking across both short-term and long-term holders.

Short-term holder (STH) SOPR has moved back to around 1, while Long-term holder (LTH) SOPR remains below 1. When BTC was trading at higher levels earlier this year, both metrics were also much higher.

So, there is less profit being realized across both groups compared with earlier this year.

Now, it is worth watching both metrics closely. If they start moving back above 1 while BTC holds its current range, we should get a clearer sense of whether profit-taking pressure is picking up again.

Written by nocoffeenobrain