İbrahim COŞAR2025-03-29

Short-Term Investors Are in a State of Extreme Panic and Fear

Short-Term Output Profit Ratio (STH-SOPR) is a metric that shows the profitability ratio of spent outputs (held for more than 1 hour but less than 155 days). This chart helps us understand under which conditions short-term holders are selling their coins based on on-chain data: If STH-SOPR is above 1, short-term holders are selling their coins at a profit. If STH-SOPR is below 1, it means the coins are being sold at a loss. If STH-SOPR is equal to 1, it means the coins are changing hands without making any profit or loss. The section shown in the red box in the chart highlights that, since the beginning of February, short-term holders have been consistently selling their coins at a loss. This indicates that short-term investors are in a state of extreme panic and fear. ⚠️ This is not investment advice, it is for informational purposes only. The markets are sensitive to news flow and real-time developments; a single piece of news can instantly change the entire chart and outlook.