#BTCFocus

Short-term Bitcoin (BTC) holders are currently losing money as the Short-Term Holders Spent Return Ratio (STH SOPR) turned negative. This metric, when compared to its annual average, signals a shift in the trend of short-term holder profitability.

The STH SOPR measures whether short-term Bitcoin holders are selling at a profit or loss. Recent data shows that the STH SOPR multiple has entered negative territory, indicating that short-term Bitcoin holders are selling at a loss. This could signal increasing market stress or a potential accumulation opportunity for long-term investors.

While the current trend reflects short-term uncertainty, historical patterns suggest the potential for positive outcomes in the long term.