Short-Term Holder Profits Peak, Demand Holds Strong

CryptoQuant analyst Axel Adler Jr highlights a recent peak in short-term holder profitability (STH SOPR), indicating significant gains for these investors as they sell tokens on-chain. Despite this profit surge, demand for cryptocurrencies remains strong and hasn’t hampered the current positive market trend. The STH SOPR hasn’t yet reached sentiment levels seen during past market peaks, according to the analyst.