Historically, the STH cohort has proven to represent the weak hands of the market, who easily react to market volatility ... The STH version specifically tracks the break-even level of the supply purchased within the past 155 days.
Bitcoin has pushed above the $97,000 level for the first time since early November, reviving optimism across the market after weeks of uncertainty ... This behavior suggests that confidence among shorter-horizon investors has not yet been fully restored.
The latest on-chain update from Adler focuses on the behavior of short-term holders through the STH SOPR metric, which measures the ratio between the selling price and the acquisition price of coins that last moved within the past 155 days.
A sustained move above this area would place the average STH back into profit, easing stress among recent buyers who have been underwater for weeks ... STH cost basis—market structure tends to improve.
STH SOPR Above 1 — BullishRebound Or Fakeout?. The Short-Term Holder SpentOutputProfit Ratio (STH-SOPR) is a key on-chain metric that judges investors’ sentiment. In definition, the STH-SOPR ...
His short-term risk chart places BTC below the Short-Term Holder (STH) Cost Basis, currently estimated near $100,200 ... Until BTC reclaims the STH Cost Basis, ... STH Losses Continue To Cap Bitcoin’s Upside.
According to top analyst Darkfost, one of the most informative indicators in the current environment is the Short-Term Holder SpentOutputProfit Ratio (STH SOPR) ... If STH SOPR approaches the neutral ...
Initially, Bitcoin began the last month of 2025 with significant bearish momentum, with the price structure taking on a clear bearish direction ... Binance Inflows See Rapid Monthly Decline From $24.7B To $16.54B ... Bitcoin Price Overview ... .
Bitcoin closed 2025 with a modest annual loss, breaking the familiar pattern of strong year-end performance and reinforcing growing concerns that the market may be transitioning into a more challenging phase in 2026 ... Bitcoin Consolidates Below $90K.
If 2024 was the year crypto reentered the mainstream through TV tickers and glossy ETF commercials, then 2025 was the year the market learned to live with that attention ... 1) ETF daily net inflows ... 2) Supply held in profit/loss by cohort (LTH vs STH) ... .
Bitcoin is struggling to regain traction below the $90,000 level as selling pressure and uncertainty continue to weigh on the market ... On-chain data reinforces this fragile backdrop ... Short-Term Holder Pressure Enters RareNeutral Zone ... .
Two key indicators—the Short-Term Holder SpentOutputProfit Ratio (STH SOPR) and the P/LBlock—are signaling broad loss realization among participants and a deterioration in overall market sentiment.