CryptoQuant Analyst: Bitcoin Short-Term Holders Take Profits on Rallies Instead of Holding

Odaily Planet Daily News CryptoQuant analyst Axel Adler stated that Bitcoin has recently attempted to break above the $82,000 level three times, but each time it has retreated. During each rebound, the STH-SOPR indicator rose to around 1.0 before weakening again, indicating that short-term holders are using the upward trend to take profits and exit, rather than continuing to hold. Currently, the $82,000 level is not only a key technical resistance level but also an important selling pressure zone in terms of market behavior, having formed a strong supply zone.