An exchange: BTC and ETH short-term holder SOPR has rebounded since late February, and spot market demand is strong enough.
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Jinse Finance reported that a certain exchange posted on the X platform stating that the Spent Output Profit Ratio (SOPR) for short-term holders is used to measure whether recent buyers are selling assets at a profit or a loss. This helps us determine whether new entrants are capitulating at lower prices, a dynamic that typically clears out "weak hands" and effectively resets spot positions. The SOPR for short-term holders of bitcoin (BTC) and ethereum (ETH) has rebounded since late February, indicating that recent spot demand is sufficient to absorb hedging sell pressure, which shows that market positions are more resilient.
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