Short-term holders (STH) panic intensifies
Despite BTC prices continuously hovering around 112.5K, the realization price of short-term holders (STH) indicates that their panic has not diminished.
After last Friday's liquidation event, market sensitivity is extremely high, and a slight drop in prices yesterday triggered a new wave of panic response.
Yesterday, STH transferred over 56,000 BTC they held to exchanges, which even exceeded the actual sell-off during the liquidation period.
- Continued short-term pressure: This is the third occurrence of market fluctuations triggered by STH panic in a short period.
- Key resistance forms: A large number of STH are recent buyers, inclined to exit at break-even, making the current 112.5K area a difficult resistance level to break through.
