Analysts: Short-term holders have achieved local highs in profits, but have not yet reached the peak level of past bull markets
According to online reports, CryptoQuant analyst Axel Adler Jr posted on the social platform that STH SOPR (30-day moving average), a measure of the average realized profit and loss when short-term investors spend tokens on the chain, recently hit a local high, indicating that short-term holders have achieved a significant increase in profits. Despite this, market demand for tokens remains strong and has not affected the current upward trend. The indicator has not yet reached the feverish levels seen at previous important price highs.
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