The Short-Term Holder (STH) cohort on average made relatively small profits during the last impulse (about 8.5% from average cost basis).
If you look at past peaks (March 2024 and November 2024), profit indicators were much higher: 20-21%
Moreover, deep BTC corrections almost always started only after divergence formation between profit level and price, i.e. price updates the previous high, but the indicator doesn't.
ā¢ Thus, right now there are neither historical profit peaks for the STH cohort, nor divergences. This doesn't cancel the possibility of some local corrections, but increases the chances of continued growth without significant corrections (more than 10-12%).
