CryptoQuant Analyst Axel Adler Says Bitcoin STH Pressure Model Shows Cooling Selling Pressure

CryptoQuant analyst Axel Adler said a newly introduced Bitcoin Short-Term Holder (STH) Realized Pressure Model indicates short-term holders’ buying and selling pressure is easing slightly, while buyers remain in the lead. According to PANews, the model measures shifts in bullish and bearish forces by comparing realized buying pressure and realized selling pressure among STHs. Adler said that during bear-market phases, the indicator can serve as a contrarian signal: when prices approach a local low, buyers are typically more active, while selling pressure tends to rise near a local high. Over the past 24 hours, the model has not shown a trend-reversal signal, Adler said.