NewsBTC

25 February 2025

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Bitcoin Short-Term Holder SOPR Retests 1.0 Level for Momentum Shift

On-chain data indicates a significant retest of the Bitcoin Short-Term Holder SOPR at the 1.0 level, which historically separates bearish and bullish momentum.

Key Points

• The Bitcoin Spent Output Profit Ratio (SOPR) reflects whether investors are selling at a profit or loss.
• A value above 1 indicates profits, while below 1 indicates losses; exactly 1 suggests break-even for average holders.
• Short-term holders (STHs), defined as those who bought within the last 155 days, are currently of focus.
• The STH SOPR recently fell below 1, indicating loss-taking during a bearish trend.
• The metric is now at break-even, with historical data showing that surpassing 1.0 could shift market momentum.
• Failure to break above this level may lead to renewed selling pressure from STHs eager to recover losses.
• The last retest in January led to a brief breakout; current outcomes remain uncertain.

Current BTC Price

Bitcoin's price has decreased to approximately $94,500 over recent days.