Bitcoin: THIS group starts selling at a loss – What it means for BTC

Bitcoin short-term holders realized losses, reflecting market uncertainty and potential turning points.
A drop in Bitcoin’s STH SOPR suggested either the risk of deeper corrections or long-term opportunities.

Bitcoin [BTC] short-term holders are now selling their holdings at a loss, with the Short-Term Holder Spent Output Profit Ratio (STH SOPR) multiple turning negative.

This metric, which compares the 30-day STH SOPR to its 365-day average, highlights a shift in STH profitability trends.

Historically, such moments have coincided with significant market turning points, signaling either attractive long-term entry opportunities or heightened short-term risks.

What the STH SOPR reveals about BTC

The STH SOPR measures whether Bitcoin short-term holders are selling at a profit or a loss. By comparing the 30-day STH SOPR to its 365-day average, this metric provides a clear trend of STH profitability.

Recent data has revealed that the STH SOPR multiple has entered negative territory, indicating that STHs are selling at a loss.

Historically, such dips often reflect growing market stress but can also present accumulation opportunities for long-term investors.

Source: Cryptoquant

The chart highlighted this shift, with the recent drop below 1.0 signaling waning confidence among STHs.

As this trend unfolds, it raises questions about whether STHs will continue to sell, deepening market corrections, or hold firm, creating a potential price floor.