Gustavo Faria
Near Zero Profit: Will Short-Term Holders Stand Firm?
The Spent Output Profit Ratio (SOPR) of Short-term Holders (STHs) is operating again near 1, indicating that this cohort is selling off their positions with profit just barely above zero. Considering the bullish price trend we have been experiencing in recent months, this SOPR range is predisposed to act as a support zone, following the pattern we've observed from the 14-day moving average SOPR in other upward price movements. It is important to note that, despite the tendency of investors to hold, this is a zone of price sensitivity.