Analyst: The current Bitcoin short-term holder SOPR indicator is below 1.00, indicating the market is in a state of realizing losses.

Jinse Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis stating that the Bitcoin short-term holder SOPR indicator can reflect whether short-term holders (STH) are selling at a profit or at a loss. Currently, the indicator reading is below 1.00, indicating that the market is in a state of realizing losses and short-term demand is weak.