According to CoinMeta, analyst Darkfost stated that the 30-day average of the SOPR for short-term Bitcoin holders (those holding coins for less than 6 months) has risen to around 1.01, entering a positive range for the first time in over a year, indicating that this group has once again begun to make profits overall. He believes that if this indicator can remain above 1, it would be a relatively positive sign, as historical bull markets are usually accompanied by short-term holders continuously realizing profits and closing their positions.