KoinMisteri
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The crypto market is currently showing a shift in Bitcoin supply from long-term holders (LTHs) to short-term holders (STHs). This phenomenon often signals a local market top or even a cycle top, depending on the stage and broader market conditions.
Demand from STHs continues to support Bitcoin price, despite significant selling pressure from LTHs. STH realized price analysis shows several key support and resistance levels, with the highest realized price reaching $99k.
The neutral STH SOPR ratio at 1 indicates that selling BTC is no longer profitable for STHs. A decrease in this ratio could hinder a bullish recovery in the near term, and a period of consolidation or deeper correction is likely.
Demand from STHs continues to support Bitcoin price, despite significant selling pressure from LTHs. STH realized price analysis shows several key support and resistance levels, with the highest realized price reaching $99k.
The neutral STH SOPR ratio at 1 indicates that selling BTC is no longer profitable for STHs. A decrease in this ratio could hinder a bullish recovery in the near term, and a period of consolidation or deeper correction is likely.
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