Short-term Bitcoin holders sell at a loss as the market faces uncertainty.

Short-term holders (STH) of Bitcoin are currently selling their holdings at a loss, as the STH SOPR (Short-Term Holder Spent Output Profit Ratio) indicator has turned negative. This indicator reveals changes in the profitability trend of STH by comparing the 30-day STH SOPR with its 365-day average. Historically, such a situation often coincides with significant turning points in the market, potentially signaling a good entry opportunity for long-term investors or an increase in short-term risks. As the STH SOPR enters the negative territory, market pressure increases, but it may also provide accumulation opportunities for long-term investors. Two scenarios may emerge in the market: STH may choose to hold rather than sell at a loss, stabilizing Bitcoin prices; or they may continue to sell, leading to a deeper market correction. Historically, a negative STH SOPR has often coincided with key turning points in the Bitcoin market, and although short-term uncertainty increases, a bullish outcome may emerge in the long run.