Bitcoin News Today: Short-Term Holders Signal Market Crossroads: Profit, Panic, or Pause?

Bitcoin’s Short-Term Holder Spent Output Profit Ratio (STH SOPR-7d) has climbed to 1.04 as the cryptocurrency trades near $119,000, signaling that short-term holders are, on average, selling their coins at a profit. This trend suggests a degree of confidence among traders, with the market currently absorbing selling pressure without triggering a sharp price correction. The SOPR metric has historically been a useful indicator of market health, with values above 1.00–1.02 typically supporting continued bullish momentum. However, the current amplitude remains below the overheated peaks of previous bullish cycles, indicating that profit-taking is still moderate [1].

On-chain data from CryptoQuant reveals that over 20,000 BTC held by short-term investors were recently moved to exchanges at a loss, raising concerns about the likelihood of a price dip toward $110,000. This activity reflects a familiar behavioral pattern among short-term holders—panic selling during price dips, often resulting in realized losses. According to on-chain analyst Kripto Mevsimi, this marks the first sustained loss realization for STHs since the deep correction observed in January, suggesting a weakening momentum phase. However, the analyst also notes that such dips can serve as a healthy reset if quickly absorbed, clearing the path for more sustainable rallies [2].

The STH SOPR has also shown mixed signals in recent weeks, with the ratio fluctuating around the neutral level of 1.00. At this level, short-term holders are essentially breaking even on the coins they sell, rather than realizing either gains or losses. Analyst Darkfost attributes this to late entries by STHs during Bitcoin’s recent rally above $100,000. Historically, when STHs are shaken out, their SOPR often dips below 1.00, indicating that they are selling at a loss. This phase can create attractive dollar-cost averaging (DCA) opportunities, as weaker hands exit the market, potentially clearing the way for stronger upward trends [3].

Bitcoin’s price structure remains in a consolidation phase, currently testing support near the 50-day moving average at $115,712. A sustained breakdown could see the price drop toward the 100-day moving average near $110,833. However, the broader structure remains bullish, with the cryptocurrency having spent much of the past six months above the psychological $100,000 level. The key resistance area near $123,217 remains a critical threshold for bulls, as a clean breakout above this level could signal renewed momentum and open the path toward $130,000–$135,000 [4].

The coming days will be pivotal for Bitcoin’s short-term trajectory. Analysts remain divided on the likelihood of a deeper retracement or a sustained push higher. If the SOPR continues to slip below 1.00 and fails to rebound quickly, it could indicate weakening demand and increase the probability of a more extended correction. Conversely, a strong rebound above the 1.00–1.02 range would reaffirm robust demand and support the continuation of the current bullish trend. The next few trading sessions will be crucial in determining whether Bitcoin can overcome its current resistance or face a more prolonged pullback before resuming its upward trajectory [5].

Source:

[1] Bitcoin STH SOPR-7d Signals Healthy Demand (https://www.mitrade.com/insights/news/live-news/article-3-1043915-20250815)

[2] Will Bitcoin Price Fall to $110K? Short-Term Holders Sell 22K BTC at a Loss (https://cointelegraph.com/news/will-bitcoin-price-fall-to-110k-short-term-holders-sell-22k-btc-at-a-loss)

[3] Bitcoin SOPR Shows Potential Entry Zones: Short-Term Holders Face Pressure (https://www.newsbtc.com/bitcoin-news/bitcoin-sopr-shows-potential-entry-zones-short-term-holders-face-pressure/)

[4] Bitcoin Price Analysis: BTC Tests Crucial Support After Latest ATH (https://cryptopotato.com/bitcoin-price-analysis-btc-tests-crucial-support-after-latest-ath/)

[5] Bitcoin Trading Near $115K Amid Short-Term Holder Pressure (https://holder.io/news/bitcoin-trading-115k-short-term-pressure/)