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Short-term Bitcoin holders realize unrealized gains for the first time in nearly six months, indicating Bitcoin's rally may face resistance or continue upward movement
BlockBeats News, May 1 — According to crypto analyst Darkfost, the 30-day moving average of Bitcoin short-term holders (STH) SOPR turned positive for the first time in the past six months, indicating that STH are, on average, at breakeven or in slight profit.
Historical data shows that this situation often acts as a resistance level in bear markets, making holders prone to sell-off due to lack of confidence.