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Bitcoin Short-Term Holders Achieve Floating Profit for the First Time in Six Months, Indicating Potential Resistance to Price Increase
On May 1, according to crypto analyst Darkfost, the 30-day moving average of the Bitcoin Short-Term Holder (STH) SOPR has turned positive for the first time in six months, indicating that STHs are on average at breakeven or slightly profitable. Historical data shows that this situation often acts as a resistance level during bear markets, as holders may flee due to a lack of confidence.