Analyst: Short-term Holders' Realized Profits Reach Local High, But Not Yet at Past Bull Market Peaks

According to a report by Jinse Finance, CryptoQuant analyst Axel Adler Jr stated on social media that the STH SOPR (30-day moving average), an indicator measuring the average realized profit and loss when short-term investors spend tokens on-chain, has recently reached a local high, indicating a significant increase in realized profits for short-term holders. Nevertheless, the demand for tokens in the market remains strong, not affecting the current upward trend. This indicator has not yet reached the frenzy levels seen at previous important price peaks.