According to @glassnode, the SOPR by Age for sub-3-month holders is hovering at 0.96–1.01, indicating mild loss realization, source: https://twitter.com/glassnode/status/1958572908650893674. @glassnode notes that local bottoms often form when this cohort capitulates, typically when SOPR drops below about 0.9, source: https://twitter.com/glassnode/status/1958572908650893674. Trading takeaway: monitor short-term holder SOPR for a sustained break below 0.9 as a potential bottoming signal, while 0.96–1.01 reflects ongoing pressure and mild loss-taking, source: https://twitter.com/glassnode/status/1958572908650893674.