ChainCatcher reports that Coinbase Institutional posted on social media that the Short-Term Holder Spending Output Profit Margin (SOPR) metric measures whether recent buyers are selling their assets at a profit or loss. This helps us understand whether new entrants are panic selling, and this dynamic usually washes out "weak hands" and cleanly resets spot positions.
Starting in late February, the SOPR (Short-Term Holder Ratio) for both Bitcoin and Ethereum rebounded, indicating that recent spot demand has been strong enough to absorb reverse selling pressure, demonstrating greater resilience in market positioning.
