Bitcoin's Short-Term Holder Pressure and Market Dynamics

According to BlockBeats, CryptoQuant analyst Axel has highlighted the current market conditions affecting short-term Bitcoin holders. These holders, defined as those who have held Bitcoin for less than 155 days, are experiencing suppressed selling pressure due to the lack of clear demand confirmation. The critical deterioration trigger is the sustained closing of the Simple Moving Average (SMA) below the zero axis, indicating a shift towards a distribution range. The average acquisition cost for short-term holders, known as the STH Realized Price, is currently above the trading price of Bitcoin, suggesting that these holders are in a loss position source: https://www.binance.com/en/square/post/34710337019962?utm_source=BinanceNewsRSS