BTC short-term holders nearing profitability in bullish signal

An on-chain analysis suggests Bitcoin (BTC) short-term holders (STH) are approaching profitability. CryptoQuant contributor Maartunn noted that the STH Spent Output Profit Ratio (SOPR) is rising toward the key baseline of one. The metric indicates profit-taking when above one and loss realization when below one. Maartunn explained that a sustained move above this level could signal a recovery in bullish momentum.