Bitcoin Short-Term Holder SOPR Analysis
As of August 2025, Bitcoin trades around $113.6K, while the Short-Term Holder SOPR (STH-SOPR) is hovering close to 1.0.
Historical Context:
In early 2023, SOPR stayed mostly below 1, meaning short-term investors sold at a loss. Prices remained relatively low.
In early 2024, SOPR often spiked above 1 (even reaching 1.2), signaling strong profit taking. This aligned with Bitcoin’s rally past $70K.
From mid-2024 to mid 2025, SOPR fluctuated around 1, reflecting indecision and balance between buyers and sellers.
Current Situation:
With SOPR near 1, investors are neither realizing major profits nor losses. This equilibrium often precedes a decisive move.
Outlook:
Bullish case (more likely): If SOPR holds above 1, it would confirm profitable selling and sustained demand, pushing Bitcoin toward $120K–$130K.
Bearish case: If SOPR slips below 1, short-term investors will sell at a loss, suggesting weakness. This could drag Bitcoin down to the $95K–$100K range.
What is STH-SOPR?
SOPR measures the profit ratio of spent outputs.
Above 1: Coins are sold at a profit.
Below 1: Coins are sold at a loss.
Near 1: Sales occur near breakeven.
How to use it:
A persistent SOPR > 1 signals a healthy uptrend.
Extremely high SOPR values (e.g., 1.2+) may warn of market exhaustion.
Prolonged SOPR < 1 often marks capitulation and potential bottoms.
Conclusion:
Bitcoin is at a crucial balance point. Sustained SOPR above 1 would likely confirm continuation toward new highs, while a breakdown below 1 could trigger a corrective phase.
Written by PelinayPA
