Bitcoin short-term holders realize losses… recorded 0.990 on the 14th

Bitcoin's short-term holder realized profit/loss ratio (STH-SOPR) fell to 0.990 on November 14, down from 0.997 on November 7 and 0.999 on October 31, according to CryptoQuant analyst Axel Adler Jr., signaling that coins moved by holders active between one hour and 155 days were realized at an average loss. A reading below the neutral 1.0 threshold indicates loss-taking, and the year's low of 0.946 was set on January 23. The metric compares the dollar value of spent UTXOs at movement versus creation, so the sub-1 print shows recent buyers capitulating rather than locking in gains. Traders will watch whether STH-SOPR holds below 1.0, which would extend the pattern of short-term holder losses, or recovers above the threshold as a sign of renewed profit-taking.