CryptoQuant Analyst: Bitcoin Short-Term Holders Exit on Rally Rather Than Holding Positions
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.
