Short-term bitcoin holders have realized floating profits for the first time in nearly six months, indicating potential resistance to further bitcoin price increases.
According to ChainCatcher, and crypto analyst Darkfost, the 30-day moving average of Bitcoin Short-Term Holder (STH) SOPR has turned positive for the first time in the past six months, indicating that STHs are on average at break-even or in slight profit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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