📊 #STH Realized Profit Surges — But Still Room to Run

The magnitude of Short-Term Holder (STH) Realized Profit has surged to nearly +3 standard deviations above its 90-day average — a clear signal of increased profit realization in the market.

🔍 What It Means:

Historically, during strong rallies approaching all-time highs, this metric has reached +5 SD or more, showing that:

We're seeing elevated profit-taking, but

Stronger selling pressure is usually needed to counter high demand in true breakout rallies

🔥 TL;DR: Profit-taking is picking up, but if this rally mirrors past cycles, there's still room for higher volatility and upside before exhaustion hits.