Bitcoin Price Dips Below Short-Term Holders’ Average Buy Price as 30‑Day SOPR Hits 0.98, Hinting at Rising Selling Pressure

COINOTAG News, December 18, reported that Bitcoin price has slipped toward the average cost basis for short-term holders, with the 30D SOPR hovering near 0.98. This on-chain signal suggests rising selling from new market participants as risk appetite remains constrained.

The 30D SOPR tracks the average sale price of tokens by short-term holders. A value above 1 indicates profitable sales; below 1 indicates losses. The chart’s 0.98 region implies, on average, short-term holders are selling at a loss. A further dip could intensify Selling pressure and press toward local lows.

Market sentiment remains risk-averse for short-term holdings. A credible reversal would require the price to move above the actual STH price and the SOPR to rise above 1, signaling renewed demand and a potential stabilization near key support.