CryptoQuant Analyst: Short-Term Bitcoin Holders Are Selling During Rallies Instead of Holding

Odaily Odaily reports that CryptoQuant analyst Axel Adler stated that Bitcoin has recently attempted to breach the $82,000 level three times but has faced rejections each time. During each rebound, the STH-SOPR indicator rose to around 1.0 and then weakened again, indicating that short-term holders are taking profits during the upward price action instead of continuing to hold. The current $82,000 level is not only a key technical resistance but also a significant supply zone from a market behavior perspective, forming a strong area of selling pressure.