Analyst: The current BTC rally is benefiting from reduced selling pressure, but a push to $100,000 will face selling from short-term holders
BlockBeats News, January 6th, CryptoQuant analyst Axel posted on social media, stating that the current state reflects suppressed selling pressure from a key group (short-term holders) and no clear demand confirmation. The key deteriorating trigger point is the SMA continuously below the zero axis, which would signal a transition to the distribution range.
Short-Term Holder Realized Price (STH Realized Price) refers to the average acquisition cost of holders with a holding period of less than 155 days. The BTC price is currently trading below this price, indicating that the average short-term holder is at a loss. The short-term holders being "underwater" limit the profit-taking potential of this group, with the $100,000 level acting as local resistance. This currently reduces selling pressure and explains why, despite price corrections, the oscillators can still maintain within an accumulation range where selling pressure is suppressed. Once the price touches $100,000 and this group returns to breakeven, short-term holders will start selling, creating price pressure. A key confirmation signal of a strong market is the price closing above the short-term holder realized price.
You may also like
Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
