Bitcoin STH-SOPR Metric Reclaims Critical Level — More Pain For Short-Term Holders?

The price of Bitcoin has shown signs of resilience and strength over this weekend after facing significant bearish pressure heading into it. On Friday, August 5, the flagship cryptocurrency suffered a mild correction following the release of weaker-than-expected employment data in the United States. While the Bitcoin price has struggled to break out of its current choppy state, its sustained hold above the psychological $110,000 level displays the current resolution of investors. The latest on-chain data suggests that the market might have absorbed excess selling pressure and could be regaining momentum source: https://www.newsbtc.com/news/bitcoin/bitcoin-sth-sopr-metric-critical-level/