Bitcoin Reaches New Highs, As Short-Term Holders Turn Profitable

Recent data indicates Bitcoin has surged past the $99,000 mark in May 2025, signaling a new wave of bullish momentum across the market cycle. This rise in price, recorded by Darkfost on X, coincided with a shift from short-term holders (STHs) from generating losses to profits, reflected by their Spent Output Profit Ratio (SOPR) reaching over 1.0. This suggests that recent buyers are experiencing modest but consistent gains. 2023 saw Bitcoin rise significantly from $15,000 to over $100,000 in just two years. This period witnessed volatile price swings and distinct short-term holder behavior patterns, which ultimately shaped market trends.