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Analyst: The current Bitcoin short-term holder SOPR indicator is below 1.00, indicating the market is in a state of realizing losses.
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Jinse Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis stating that the Bitcoin short-term holder SOPR indicator can reflect whether short-term holders (STH) are selling at a profit or at a loss. Currently, the indicator reading is below 1.00, indicating that the market is in a state of realizing losses and short-term demand is weak.
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