Short-Terms Holders (Less than 155 days) returned to the profit zone

Short-Terms-Holders-Less-than-155-days-returned-to-the-profit-zone

Even though SOPR STH (MA 30d) reached values above 1.00 in the last few days does not configure a reversal of the current bearish trend.

It is the highest value (1.005) since December 2021.

For confirmation of the current trend reversal the 1.00 value needs to be presented as Support. (Movement similar to October 2021).

It is positive to see the average of the last 30 days of Short Term Holders spending UTXO with profit.

In a strong price recovery SOPR tends to move away from the red line (1.00) and reach the Green Region, so indicating higher risk of staying in the short-term trend.

During an uptrend this category of holders tend to create and spend UTXO within 1h to 155 days constantly, and are realizing profits during this period.

Even with the price recovery above $44.4k, the average realizations of Short Term Holders over the past 30 days have still been at a loss.