Opinion: BTC short-term holders may start selling on June 11, when the price may reach $162,000

Odaily News CryptoQuant analyst Axel Adler Jr wrote that the unrealized profit rate for short-term holders who hold coins for 1-3 months is 27%. In the past four years, when this indicator exceeds 40%, this group of holders will start to sell, thus exerting downward pressure on prices. At the current daily growth rate of about 0.818 percentage points, it is expected that the indicator will reach the critical value of 40% in 16 days (June 11), when the price of Bitcoin is expected to reach about $162,000. Axel Adler Jr said that the forecast is based on linear extrapolation and does not take into account the impact of potential "black swan" events or sudden factors.