# 短期持有者－花費成本利潤比｜STH-SOPR

## 指標概念

**STH－SOPR可以做為評估最近剛進入市場的短期投資人的行為和盈利的指標**。根據統計，小於155日的UTXO有更高的機會被消耗，通常被認為是正常循環供應的一部分。STH－SOPR在只篩選這些較為「年輕的幣」的情況下，去估計短期持有者群體所實現的損益比率；這提供了對於新投資人的行為和情緒的觀察，短期持有者對於價格的敏感度更高，在市場波動之下，花費他們手中比特幣部位的情況更容易發生。

![圖片來源：glassnode](https://lh3.googleusercontent.com/v_OklAzvKi49xLcJRyvWyyxkgwdXOv7HZY-mjeZUfWdFGyFDFfQJ85diy5vk7xjtxyencLdWEHNVBbuT2lX--iHoPRxbUfGHYUNDEZxiQXuR9Sp_Af-jJGoYWi67QgKQNGXRhLzw)

## 指標如何衡量、計算？ 

STH－SOPR與SOPR計算的公式相同，但只包含低於155日的交易資料。

![](/files/28YCpwBkNESfgsOkt4Bl)


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