[Coinbase: BTC and ETH Short-Term Holder SOPR Rebounds Since Late February, Spot Market Demand Remains Strong] According to a report by Jinse Finance, Coinbase Institutional posted on the X platform stating that the Spent Output Profit Ratio (SOPR) of short-term holders is used to measure whether recent buyers are selling assets at a profit or a loss. This helps us determine whether new entrants are selling at lower prices, a dynamic that often clears out 'weak hands' and effectively resets spot holdings. The SOPR of short-term holders for Bitcoin (BTC) and Ethereum (ETH) has been rebounding since late February, indicating that recent spot demand is strong enough to absorb hedging sell pressure. This demonstrates greater resilience in market holdings.