According to glassnode, Bitcoin’s Short-Term Holder (STH) Profit/Loss Ratio has rebounded to the neutral 1.0 level, indicating an equilibrium between coins held at a profit and at a loss. Historically, this 1.0 threshold represents a resistance point during bearish market phases. For traders, a confirmed breakout above this level would signal stronger bullish momentum and could mark the beginning of a broader market recovery (source: glassnode, April 25, 2025).