🇧🇷 "The BBTrend indicator for BTC shows increasing red bars, reflecting the gradual rise in selling pressure. This pattern indicates that sellers are slowly regaining control, with the downward movement gaining strength." 😑 beginning of the end of the bull market $BTC

Amid the recent difficulty of Bitcoin to maintain above the critical level of $105,000, on-chain data indicates a concerning trend.

The total amount of BTC in circulation held by short-term investors (STHs) has increased in recent days. Historically, this signals negative pressure on the price in the short term.

According to Glassnode, the supply of these investors fell to 2.24 million coins on June 22, the lowest level of the year. Since then, there has been a significant recovery.