2026-01-01 15:24:53

The SOPR indicator for short-term holders has been hovering around the 1.0 mark. This is no longer a subtle signal—once the price rises enough to allow them to break even, these short-term funds start to run out, with no intention of holding on further.

Some may ask, is the market lacking liquidity? Actually, that's not the case. The real issue is that confidence hasn't caught up yet. Funds are quickly withdrawn for profit-taking as soon as they arrive, and this "quick money, quick exit" mentality permeates the entire ecosystem.

Looking at this trend, it's far from the start of a bull market. More accurately, the market is stuck halfway up the mountain, repeatedly grinding here. As long as the STH-SOPR indicator cannot stay firmly above 1.0, the price will struggle to rise smoothly. Most of the time, it will just oscillate up and down, consuming time.

When will a true reversal occur? It will be when the STH-SOPR can reliably stay above 1.0, indicating that short-term participants are finally willing to hold their positions, and the market's bullish sentiment truly recovers. Until then, we will continue to fluctuate in this bottom zone. Patience and restraint are the keys.

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NotSatoshi

· 13h ago

Basically, it's a group of retail investors with no confidence, making some money and then running. The market is repeatedly manipulated by short-term funds, and few can patiently wait. If STH-SOPR can't break below 1.0, we'll just continue to fluctuate, anyway we're used to it. In my opinion, this wave of market movement can't really lead to a bull market; it's just wasting time. Too many people are trying to catch the bottom in the short term, and they don't want to hold long-term. Making quick money is the way to go. This mindset needs to change, or we won't be able to move forward.

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GasFeeVictim

· 13h ago

Short-term holders really are like this, taking profits and running, not even having confidence in holding their shares. Been stuck on the halfway hill for so long, it's exhausting to watch. SOPR can't stay above 1.0, so don't expect a bull market, just continue to fluctuate. It's now a confidence issue, not a lack of funds. Quick profits and then run, this mentality is really incredible. If it weren't for these short-term funds always thinking about taking profits and exiting, they wouldn't be so annoying. Let's keep waiting; we have to wait until they are truly willing to hold. Fighting over the bottom, being able to endure is indeed a hard truth.

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MevHunter

· 13h ago

Short-term traders are like this—make a little profit and run, no wonder they get stuck halfway up the mountain. If STH-SOPR can't stay above 1.0, we'll just keep陪它磨. The key is still lack of confidence; it's really boring. Wait, can we still wait out this wave for a bull market? After all this fuss, we're still stuck in the same place. It's frustrating to watch.

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