Realized losses minimal despite 80% of STH supply being underwater
Summary
Bitcoin's market sentiment can be gauged by tracking the percentage of short-term holder (STH) supply in loss and the spent output profit ratio (SOPR). These indicators provide insights into the performance of recent buyers and their potential influence on price fluctuations. From July 28 to August 20, the STH supply in loss increased significantly from 21.74% to 94.21%, before experiencing a slight decrease. However, the SOPR metric provides a different perspective on this trend.
