TechFlow, May 29 — CryptoQuant analyst Axel Adler Jr. posted on a social platform stating that the STH SOPR (30-day moving average), an indicator measuring the average realized profit or loss of short-term investors when spending tokens on-chain, recently hit a local high, indicating a significant increase in realized profits among short-term holders.
Nonetheless, demand for the token remains strong, sustaining the current upward trend. The indicator has not yet reached the euphoric levels seen during previous major price peaks.
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