Analysis: Short-term investor participation has dropped to a record low, which may indicate an imminent market reversal

ChainCatcher news, on-chain data analyst Murphy stated that the market has entered a period of low volatility and high concentration. The 7-day rate of change for STH-RP (Short-Term Holder Realized Price) is only 0.69%, indicating that short-term investors' participation enthusiasm has dropped to rock bottom. This is similar to the sideways periods in February and May 2025, which may suggest that a market reversal is imminent.