Every time Bitcoin's short-term holder SOPR has reached 1.03, a short-term correction has followed shortly after.
You know that frustration of entering a position right as the market turns against you, watching gains evaporate because you missed the warning signs from on-chain data.
STH SOPR tracks the profit ratio of coins spent by holders who have been in for less than 155 days. Hitting 1.03 means these newer participants are selling at a profit, a level that has historically marked overheating in $BTC . I've seen this in past bull cycles where it preceded 10-15% pullbacks before the trend resumed.
This isn't the first time. Similar readings showed up before corrections in 2021 and again last year. While $BTC leads, $ETH often amplifies the move downward, and even $BNB feels the pressure from the same sentiment.
The hope is that these dips become buying opportunities if the broader cycle holds. The fear of getting caught in a deeper dump is real for anyone who has been through multiple halvings.
Where do you think this goes from here?
#Bitcoin #OnChain #CryptoTrading