Long-Term Holders (LTH) remain in solid profit territory (NUPL above 0.5), showing strong conviction and willingness to hold.
Short-Term Holders (STH) are fluctuating near lower profit levels, indicating partial selling or short-term pressure during price rallies.
Bitcoin price is trading close to the $104K zone, supported mainly by LTH confidence, reflecting strong long-term holding behavior.
The overall trend remains bullish, driven by long-term holder conviction, while short-term holders may cause temporary corrective pressure.
Written by abramchart
