CryptoQuant Analyst: BTC short-term holders have realized profits at a local high point, but have not yet reached the peak levels of past bull runs.

BlockBeats news, on May 29, CryptoQuant analyst Axel Adler Jr posted on social media that the STH SOPR (30-day MA) indicator, which measures the average realized PNL of short-term investors' on-chain token spending, recently reached a local high, indicating a significant rise in profits realized by short-term holders. Nevertheless, the demand for tokens in the market remains strong, not affecting the current pump trend. This indicator has not yet reached the euphoria levels seen during previous important price highs.

BTC-2.11%
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