CryptoQuant Analyst: BTC Short-Term Holders Have Realized Profits to a Local High, But Have Not Reached Previous Bull Market Peak Levels

BlockBeats News, May 29th, CryptoQuant analyst Axel Adler Jr posted on social media that the indicator measuring the average on-chain spent output profit ratio of short-term investors, STH SOPR (30-day moving average), recently reached a local high, indicating a significant increase in profit realization by short-term holders.

Nevertheless, the market's demand for the token remains strong, not affecting the current upward trend. The indicator has not yet reached the frenzy level seen at previous significant price highs.