The SOPR ratio of <3-month holders—tracking the profit margin of active spenders—bounced off neutral (SOPR = 1) as BTC found support at $107k.

Short-term investors' on-chain behaviour confirms the market is anticipating a positive outcome from this week’s FOMC meeting.

This bounce suggests renewed confidence among recent buyers, with many returning to profitability just days ahead of the Fed decision. Historically, such patterns often precede sharp reactions to macro catalysts.

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