However, the STH SOPR currently still has some room before reaching the +2σ upper band. While the metric moves closer to the upper band, Dent has underlined the importance of monitoring the indicator to confirm whether momentum has begun to turn or if short-term overheating is gradually appearing.
After reclaiming the $100,000 landmark, BTC appears to have spent almost 1 year holding above this critical area. During the period, the flagship asset has been consolidating and steadily testing a range that would likely be a pure mania in past cycles.
