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Coinbase: Metrics Show Recent Spot Demand Has Been Strong Enough to Absorb Excess Selling Pressure

2026.03.11 12:04:13

On March 11th, Coinbase Institutional (its institutional investor service) shared on social media that the Short-Term Holder Profit/Loss (SOPR) ratio tracks whether recent buyers are selling at a profit or loss. This metric helps spot if new entrants are panic selling—a behavior that typically flushes out weak hands and resets spot positions cleanly. Since late February, SOPR for Bitcoin and Ethereum short-term holders has climbed, signaling recent spot demand is strong enough to absorb selling pressure and reflecting a more resilient market stance.
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