CryptoQuant Analyst: Short-term holders' profits have reached a local peak, but have not reached the peaks of past bull markets

ChainCatcher news, CryptoQuant analyst Axel Adler Jr posted on social media that the STH SOPR (30-day moving average), which measures the average realized profit and loss of short-term investors when spending tokens on-chain, recently reached a local high, indicating that profits realized by short-term holders have significantly increased.

Nevertheless, the demand for tokens in the market remains strong, not affecting the current upward trend. This indicator has not yet reached the euphoric levels seen during previous significant price peaks.