CryptoQuant Analyst: Short-term Bitcoin holders are cashing out on rallies rather than continuing to hold

Odaily Odaily News CryptoQuant analyst Axel Adler stated that Bitcoin has recently attempted to break through the $82,000 level three times, but each attempt met with 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 lock in profits, rather than continuing to hold. The current $82,000 level is not only a key technical resistance point but also a significant supply zone from a market behavior perspective, having formed a strong selling pressure area.