BlockBeats News: On May 29th, CryptoQuant analyst Axel Adler Jr posted on social media that the indicator STH SOPR (30 day moving average), which measures the average realized profit and loss of short-term investors when spending tokens on the chain, has recently hit a local high, indicating that short-term holders have achieved a significant increase in profits.
Nevertheless, the demand for tokens in the market remains strong and has not affected the current upward trend. This indicator has not yet reached the frenzy level that occurred at the previous important price peak.
