![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
- Bitcoin’s short-term holders now hold their coins at a profit.
- BTC’s future open interest has risen to a two-month high.
Bitcoin’s [BTC] Spent Output Profit Ratio (SOPR) for its short-term holders (STH) has rallied above 1, signaling that this cohort of investors now holds their coins at a profit.
In a new report, pseudonymous CryptoQuant analyst Phi Deltalytics found that the uptick in this metric’s value above 1 suggests the presence of “bullish sentiment in the market.”
BTC’s STH-SOPR measures whether investors who have held the coin for three to six months are selling at a profit or a loss.
When it returns a value above 1 such as this, it indicates that short-term holders, on average, are selling their coins at a profit. Conversely, if the STH-SOPR is below 1, it suggests that these holders are selling at a loss.
Why the value above 1 is significant
According to CryptoQuant’s data, BTC’s STH-SOPR was 1.019 at press time.
Source: CryptoQuant
Before this metric steadied at this point, it had cratered to the 1 level but did not drop below it, Deltalytics found.
According to him, when that happened, the coin traded at a price at which sellers were neither making nor losing money. This led many market participants to hold on to their coins instead of selling them. This was a positive sign for the market, signaling low selling pressure.
The analyst added that BTC’s STH-SOPR must stay above 1. If this happens, the market will “absorb” any profit-taking by sellers without the risk of a significant price drop.
Predicting that this might aid the sustainability of the BTC’s current price rally, Deltalytics added:
“With the market not overly heated, this dynamic has the potential to push Bitcoin’s price upwards.”
Is your portfolio green? Check out the BTC Profit Calculator
BTC amid the recent price rally
The leading coin has benefitted from the market rally in the past 24 hours. At press time, BTC was trading at $71,212, and its price had grown 6% during that period.
The period under review has been marked by a significant uptick in trading activity in BTC’s derivatives market. According to Coinglass’ data, BTC’s derivatives volume has risen 112% in the past 24 hours.
At $35 billion at the time of writing, BTC’s futures open interest sat at its highest level since March.
- Bitcoin’s short-term holders now hold their coins at a profit.
- BTC’s future open interest has risen to a two-month high.
Bitcoin’s [BTC] Spent Output Profit Ratio (SOPR) for its short-term holders (STH) has rallied above 1, signaling that this cohort of investors now holds their coins at a profit.
In a new report, pseudonymous CryptoQuant analyst Phi Deltalytics found that the uptick in this metric’s value above 1 suggests the presence of “bullish sentiment in the market.”
BTC’s STH-SOPR measures whether investors who have held the coin for three to six months are selling at a profit or a loss.
When it returns a value above 1 such as this, it indicates that short-term holders, on average, are selling their coins at a profit. Conversely, if the STH-SOPR is below 1, it suggests that these holders are selling at a loss.
Why the value above 1 is significant
According to CryptoQuant’s data, BTC’s STH-SOPR was 1.019 at press time.
Source: CryptoQuant
Before this metric steadied at this point, it had cratered to the 1 level but did not drop below it, Deltalytics found.
According to him, when that happened, the coin traded at a price at which sellers were neither making nor losing money. This led many market participants to hold on to their coins instead of selling them. This was a positive sign for the market, signaling low selling pressure.
The analyst added that BTC’s STH-SOPR must stay above 1. If this happens, the market will “absorb” any profit-taking by sellers without the risk of a significant price drop.
Predicting that this might aid the sustainability of the BTC’s current price rally, Deltalytics added:
“With the market not overly heated, this dynamic has the potential to push Bitcoin’s price upwards.”
Is your portfolio green? Check out the BTC Profit Calculator
BTC amid the recent price rally
The leading coin has benefitted from the market rally in the past 24 hours. At press time, BTC was trading at $71,212, and its price had grown 6% during that period.
The period under review has been marked by a significant uptick in trading activity in BTC’s derivatives market. According to Coinglass’ data, BTC’s derivatives volume has risen 112% in the past 24 hours.
At $35 billion at the time of writing, BTC’s futures open interest sat at its highest level since March.
Hiya very nice site!! Man .. Excellent .. Amazing .. I’ll bookmark your website and take the feeds also…I’m glad to find a lot of useful info here in the post, we want develop more techniques in this regard, thank you for sharing.
Thanks for sharing superb informations. Your website is so cool. I’m impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found simply the info I already searched everywhere and just could not come across. What a great website.
I’ve been exploring for a little for any high quality articles or weblog posts in this kind of space . Exploring in Yahoo I ultimately stumbled upon this website. Studying this information So i am glad to express that I’ve an incredibly good uncanny feeling I found out just what I needed. I so much indisputably will make certain to do not omit this web site and provides it a glance on a constant basis.
I genuinely enjoy reading through on this internet site, it contains good blog posts.
Thanks for a marvelous posting! I actually enjoyed reading it, you can be a great author.I will be sure to bookmark your blog and will often come back very soon. I want to encourage that you continue your great posts, have a nice evening!
Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.
I take pleasure in, cause I discovered just what I was looking for. You’ve ended my 4 day long hunt! God Bless you man. Have a great day. Bye