Bitcoin (BTC) price is getting closer to the potential distribution zone, but there are no signs of immediate selling signals.

Bitcoin (BTC) is getting closer to the potential distribution zone, but there are no signs of immediate selling signals.

The price of Bitcoin (BTC) recently hit multi-month highs of about $105,600. While some skeptics are sure that the local peak is in, and the Short Term Output Profit Ratio (STH-SOPR) indicator by CryptoQuant says we should get ready for higher prices.

The cohort of short-term holders is looking at bigger BTC prices as a possible local peak, the Short Term Output Profit Ratio (STH-SOPR) indicator says. As the indicator rises into the red zone, it might be a good time to start selling and taking profits, according to an expert at CryptoQuant.

The Smart Way to Sell Without Missing the Rally

“You can see that when the STH-SOPR reaches the red zone, it’s usually a good time to start selling and taking profits.” – By @cryptometugce Read more 🔗 https://t.co/uQeKXXQ823#cryptoquant #btc pic.twitter.com/PLeqqRWewV

Such observations were shared by pseudonymous CryptoQuant community analyst in his Quicktake.

He shared the charts with accumulation (“buy”) and distribution (“sell”) zones displayed and demonstrated that, at current prices, Bitcoin (BTC) has not touch the latest one yet.

The expert highlighted that the indicator should be utilized with caution and with limited portion of deposit, as it was heavily stressed tested throughout years of bear and bull markets.

These signals don’t always mark the exact top of the market, but in the bigger picture, those red circles represent reasonable and satisfying areas to distribute. And please note that we’re not going to sell everything at once. Just like we accumulated gradually, we’ll also distribute gradually.

The last time the market was close to red zone was on May 1, when Bitcoin (BTC) showed first signs of recovery from the spring 2024 crypto crash.

However, its price still has to go up to mark a proper distribution season start.

The expert also recommended to consider hedging spot positions by derivative ones, while seeing BTC in either red or green zones.

Meanwhile, the liquidity is still coming to Bitcoin (BTC). The aggregated AUM metric for Bitcoin Spot ETFs in the U.S. crossed $124 billion in equivalent for the first time since February 4, 2025.

As demonstrated by CoinGlass, over the last month, Bitcoin (BTC) only registered three days in red. As a result, Bitcoin (BTC) Spot ETFs AUM grew by 50% in less than one month.