$ETH According to information from Mars Financial, based on the analysis of analyst AXEL Adler Jr from CryptoQuant, in the last 24 hours, short-term holders have sold an average of about 21,000 Bitcoin through centralized exchanges (CEX), lower than the historical selling pressure. This indicates that although the price of Bitcoin is rising, short-term holders are currently in a relatively calm state and are not in a hurry to lock in profits. The analyst points out that $120,000 will become the next psychological milestone for many market participants. As the price approaches this threshold, profit-taking activity is likely to increase. A similar reaction has been observed many times whenever Bitcoin reaches whole number price levels.
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