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SOPR Short-Term Holder hits 14-month high

The indicator has just reached the level of Bitcoin last all-time high — it's the highest value in 14 months The bullish divergence formed in SOPR STH (green line) has been confirmed and the BTC price has gained momentum — breaking an important bearish structure —with short-term holders in positive territory, optimism and greed are once again prevailing in the market. Therefore, the risk of a short-term price correction rising, as increased leverage and profit-taking triggered volatility. As a result, the indicator is likely to pull back again to 1.00 or below, while maintaining the uptrend that has been in place since beginning of divergence shown in the chart.