Bitcoin Hits Key Bear-Bull Boundary

Bitcoin Short-Term Holder SOPR Retests Key Level

• The Bitcoin Spent Output Profit Ratio (SOPR) for short-term holders is currently at the break-even level of 1.0.
• A SOPR value above 1 indicates net profit selling, while below 1 suggests net loss selling.
• Short-term holders are defined as those who bought Bitcoin within the last 155 days.
• The indicator previously fell below 1 earlier this year, reflecting a bearish market trend.
• Breaking above the SOPR level of 1 historically signals a shift to bullish momentum but can also trigger sell-offs if not sustained.

The Bitcoin short-term holder SOPR has returned to the neutral level of 1.0, suggesting these investors are breaking even on their transactions after previous losses.