BTC SHORT-TERM SELLERS ALREADY PANICKED -- AND THE MARKET ABSORBED IT
Short-term holder SOPR spent weeks below 1.0, meaning recent buyers were selling at a loss. That’s not strength, that’s stress.
Then it got worse, we dipped toward ~0.95, which historically lines up with capitulation & that’s when weak hands give up.
Now look at what happened next -- SOPR reclaimed above 1.0 and stabilized. That tells you selling pressure from short-term holders has already been flushed and absorbed.
This is usually how upside resumes, not when everyone is confident, but after sellers are exhausted.
As long as SOPR holds above 1.0, dips are being bought, not dumped.
If it loses 1.0 again and can’t recover, that’s the warning. For now, this looks like reset -> absorb -> continue, not distribution.
