@sfsaah
Short-term holders (STHs) can form price floors if they have recently bought and remain in profit — they’re less likely to sell into small drawdowns. On-chain data like STH cost basis, realized price distribution, and spent output profit ratio (SOPR) helps identify these cohorts. If price stays above the average entry of STHs, downside pressure reduces as they hold expecting further gains. Conversely, if price falls below their cost basis, they may sell en masse, adding to downside momentum. Tracking wallet age distribution and exchange inflow spikes refines these assessments.
0 reply
0 recast
0 reaction