According to the latest market analysis from Coinbase Institutional, the Short-Term Holder Profit Ratio (SOPR) indicator shows that market resilience is strengthening. The SOPR indicator is used to measure whether recent buyers are selling assets at a profit or a loss, which helps identify whether new entrants are panic selling at a loss, thereby clearing out "profit-taking hands" and resetting spot positions. The report points out that since late February 2026, both BTC and ETH short-term holder SOPR have rebounded, indicating that recent spot demand has been sufficient to absorb selling pressure. This rebound suggests that market positions are becoming more stable, and buying strength is demonstrating strong support at current price levels.