Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
CryptoQuant Analyst: Bitcoin Short-Term Holders Exit on Rally Rather Than Holding Positions
Svmuu Svmuu reports that CryptoQuant analyst Axel Adler stated Bitcoin has recently attempted to breach the $82,000 level three times, but each time it has faced a pullback. During each rebound, the STH-SOPR indicator rose to around 1.0 before weakening again, indicating that short-term holders are taking advantage of the uptrend to continuously exit with profits, rather than continuing to hold positions. Currently, $82,000 is not only a key technical resistance level but also an important selling pressure zone from a market behavior perspective, having formed a strong supply zone.
Recommended Reading




