TL;DR can you summarize it?

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Is my nostr keypair an SSI? Do I need to be cautious of something I'm unaware of?

SSI comes from the web3 world, and yeah, I think it's the same idea. I wrote about this a while ago in nostr terms: https://habla.news/u/hodlbod@coracle.social/1687802006398

The term "sovereign" feels not right. "Self-sovereign" feels even worse. What does that even mean?

"In-hand" or something like that sounds better to me.

I prefer the term "cryptographic identity", but it's also missing some aspects