Bitcoin Surpasses $100,00 and Some Investors Are Already Thinking About Selling. But According to a Recognized Expert, This Is Not the Right Time.

The STH-SOPR (Spent Output Profit Ratio for short-term holders) is used to measure profits realized on the sale of bitcoins held for less than 155 days.

Bitcoin price has surpassed the $105,000 mark, prompting some investors to consider selling their BTC holdings. However, a recognized expert warns that no clear signals justify this move, and a key indicator shows the bulls are still in the game.

Don’t Miss: Benzinga's BTC Price, Charts and News

STH-SOPR: A Thermometer of Euphoria or Caution

The STH-SOPR (Spent Output Profit Ratio for short-term holders) measures the profits realized on the sale of bitcoins held for less than 155 days. When it exceeds the threshold of 1 excessively, it indicates that bitcoin holders are taking their gains, often near a peak. Conversely, when it remains close to or below 1, this signals an accumulation phase.

Currently, data from CryptoQuant shows that the STH-SOPR is still moderate, and the technical indicator has not yet reached the red zones of euphoria observed during market highs. This suggests that BTC has more room for growth, especially with a market structure that is still relatively healthy.

This technical signal can help investors avoid making rushed sales during consolidation phases and efficiently identify phases where optimism is becoming excessive, ultimately paving the way for a peak and reversal.

No Profit-Taking Zone Yet for Bitcoin

According to CryptoQuant’s analysis, the bitcoin market is still far from a distribution phase. The STH-SOPR has not crossed the critical threshold signaling an excess of profit-taking. Several factors strengthen this reading: institutional interest is still present with inflows into Bitcoin ETFs, and miners are continuing to store a portion of their production.

Furthermore, on-chain analysis demonstrates the market's ability to absorb selling pressure without imbalance. As long as the red zone of the STH-SOPR is not reached, the chances of an extension of the bullish cycle are high. This indicates that BTC holders prefer a waiting strategy to massive exit at least at this stage.

Planning a Gradual Exit: The CryptoQuant Method

CryptoQuant recommends a gradual strategy to secure gains on bitcoin. This approach, symmetrical to that of progressive accumulation, allows one to benefit from the bullish market without trying to sell at the absolute peak.

This exit framework is based on objective indicators, such as the STH-SOPR, avoiding emotional decisions. Consequently, investors can secure profits as distribution signals emerge, without exiting prematurely from an active bullish cycle.

What This Means For Investors In 2025

Current market analysis suggests that bitcoin could continue its upward trend as long as technical signals like the STH-SOPR remain favorable. For investors, this implies a dual vigilance: monitor the key indicators while maintaining a consistent strategy.

Moreover, buying pressure supported by Bitcoin ETFs and the absence of panic selling reinforce the idea of a market building towards a peak, rather than in decline. Premature profit-taking could deprive holders of significant gains if momentum continues. At this stage, patience remains a strategic advantage for bitcoin holders.

How To Interpret On-Chain Indicators Before Selling Your Bitcoin

Before any bitcoin selling decision, on-chain data offer reliable benchmarks to gauge market momentum. Here are the main signals to watch:

* **Spent Output Profit Ratio (SOPR):** Measures the average profit or loss realized by sellers in the last 30 days. When SOPR is greater than 1, sellers are realizing a profit, while SOPR less than 1 indicates sellers are selling at a loss.

* **Short-Term Holder SOPR (STH-SOPR):** Similar to SOPR, but focusing on coins held for 155 days or less (typically used for short-term traders or new entrants).

* **Long-Term Holder SOPR (LTH-SOPR):** Calculates the profit or loss for those holding coins for more than 155 days (usually long-term investors).

Cross-interpretation of these data helps anticipate cycle reversals without depending on market emotions. To navigate the 2025 bull run, relying on these benchmarks becomes a decisive decision-making lever.

As experts are already considering 3 inevitable scenarios for the 2025 altseason, Bitcoin remains supported by solid on-chain indicators, and nothing yet signals a definitive peak. Betting on data, not emotions, allows one to stay aligned with the market. The real question now: should one aim for a top or secure gains in stages?

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.