Bitcoin SOPR 0.98… Short-term holders 30-day average 1

Bitcoin's short-term holder SOPR has fallen to 0.98, dropping below the break-even threshold of 1, according to CryptoQuant analyst Darkfost. The metric has stayed under 1 since October 30, with its 30-day average peaking at 1.013 before declining to 1.0, indicating that coins moved during this period were realized at an average loss. SOPR compares the value of spent bitcoin UTXOs against their creation value, so a reading below 1 signals loss-taking by recent buyers. The analyst noted the caveat that SOPR alone cannot capture the full profit-and-loss picture for short-term holders or the status of unmoved coins. Market watchers will focus on whether SOPR can reclaim 1, which would suggest short-term holders are back in profit and potentially ease selling pressure.