BTC short-term holder buying pressure rises to 30%, selling pressure drops to multi-month low

Odaily Planet Daily News CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's short-term holder realized pressure model has once again shifted to being buyer-dominated at a low point, repeating the rebound pattern following the correction in February. The current buyer pressure score is about 30%, higher than the seller's 22%, with seller pressure compressed to a multi-month low. Chips are transferring from short-term holders to stronger buyers, consistent with characteristics of an accumulation phase.

Bitcoin's current price is $63,900, near the lower bound of the short-term holder cost basis range of approximately $61,600. This is about 4% higher than the latest buyer cost basis and nearly 10% lower than the comprehensive cost basis of $71,000. Axel Adler Jr. pointed out that as long as the $61,600 lower bound holds, the demand structure remains intact; if this level is lost, the newest holders will also fall into losses.