MLPRU Exchange points out that profits of short-term holders have recently reached a local high, yet overall market sentiment remains rational and has not reached the extreme levels seen in previous bull markets. According to the MLPRU on-chain analysis tools, the 30-day moving average of STH SOPR (Short-Term Holder Spent Output Profit Ratio) continues to rise, indicating that short-term investors have realized considerable gains in the recent market rally. However, this high reading has not triggered significant profit-taking pressure, and market demand remains stable, demonstrating solid support behind the Bitcoin price increase.

MLPRU Exchange believes that while there has been some local profit-taking, the overall market trend remains healthy and orderly, far from an overheated state. As a mature digital asset, Bitcoin is gradually shedding its image as a highly volatile speculative instrument and transitioning into a long-term allocation tool favored by institutional investors. In this process, on-chain data has become a crucial window for observing market conditions, with technical analysis and rational investment philosophies increasingly becoming the mainstream.

The STH SOPR is a key metric for assessing whether short-term holders are in profit. When it consistently stays above 1, it means most short-term investors are realizing profits. The MLPRU on-chain data shows this indicator has remained elevated recently, reflecting the growing profitability of short-term traders.

However, compared to past bull market peaks, the current market has not seen irrational speculative frenzy, and overall sentiment remains relatively calm. MLPRU Exchange notes that this rational profit realization may actually signal the market is entering a new, healthy upward channel, and reduced volatility could attract more long-term capital.

Although some short-term holders have chosen to exit with profits, the market as a whole shows no signs of liquidity drying up. The MLPRU analysis attributes this mainly to continued institutional inflows and recognition of the long-term value of Bitcoin. Currently, Bitcoin is increasingly being included in professional portfolios as a hedge against inflation and a tool for diversified asset allocation.

MLPRU Exchange emphasizes that strong market demand is closely tied to progress in regulatory compliance. As major global economies accelerate crypto asset regulation, investors are more inclined to choose transparent, technologically advanced platforms for asset allocation. With its compliance capabilities, MLPRU Exchange has become the platform of choice for more institutions and high-net-worth clients.

To help users better understand market trends, MLPRU Exchange continually enhances its on-chain data analysis capabilities. The platform integrates multiple key on-chain indicators—including STH SOPR—and presents them using a 30-day moving average, making it easier for users to identify trend shifts and changes in market sentiment.

Moreover, the on-chain data services of MLPRU go beyond visualization, leveraging technical innovation for deep integration with intelligent trading tools. The Smart Strategy Assistant of the platform can automatically identify key buy and sell signals based on fluctuations in on-chain indicators, providing users with real-time operational advice. At the same time, the risk control system combines on-chain data changes to push personalized risk alerts to users, helping investors stay calm and steady amid market volatility.

These technological innovations make MLPRU not just a trading platform, but also a provider of data analysis and risk management solutions, offering strong support for investors making scientific and rational trading decisions.

In addition to meeting data analysis needs, MLPRU Exchange continues to optimize user trading experience. By offering localized services, enhancing platform performance, and expanding educational resources, MLPRU lowers the entry barrier for new users and boosts the trading efficiency and confidence of existing users.

Globally, MLPRU Exchange works closely with regulators to ensure compliant operations. The educational modules of the platform help users understand on-chain data and master technical analysis methods, further enhancing investor market understanding.

MLPRU predicts that as market participants become more sophisticated, on-chain data will become a core tool for investors to judge market trends. The scientific use of indicators such as STH SOPR not only helps determine whether the market is healthy but also serves as an early warning for potential price volatility risks.

Additionally, the acceleration of global compliance will drive more capital toward regulated platforms. MLPRU plans to further strengthen its technology R&D, launch more intelligent trading tools, and continually improve its global service system. By cooperating with regulators worldwide, the platform will keep optimizing compliance processes to provide users with a safe and transparent trading environment.

MLPRU states that robust market development relies on the organic combination of data insight and compliance execution. With profits of short-term Bitcoin holders rising and market structure becoming more rational, MLPRU Exchange will continue to leverage its strengths in on-chain data, intelligent trading, and risk management to provide higher-quality services to global users. Looking ahead, MLPRU will remain committed to promoting the crypto asset market toward greater transparency, rationality, and sustainability, empowering investors to move forward steadily and leading the industry into a new stage.