Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
CryptoQuant analyst: Bitcoin short-term holders are cashing out at highs rather than holding

CryptoQuant analyst: Bitcoin short-term holders are cashing out at highs rather than holding

金色财经金色财经2026/05/17 10:51
Show original
Jinse Finance reported that CryptoQuant analyst Axel Adler stated in a post that Bitcoin has recently attempted to break through the $82,000 level three times, but each attempt was followed by a pullback. During each rebound, the STH-SOPR indicator rose to around 1.0 before weakening again, indicating that short-term holders are taking advantage of the price surge to realize profits and exit rather than continue holding. Currently, the $82,000 level is not only a key technical resistance, but also an important area of selling pressure in terms of market behavior, having become a significant zone of selling pressure.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

JPMorgan optimistic about renewed capital inflows into tech stocks: lower positions and falling valuations create opportunities

The JPMorgan team of strategists believes that as position crowding decreases, earnings performance remains strong, and valuations become more realistic, technology stocks will regain some of the momentum lost since mid-year. Investors are expected to re-enter the sector.

智通财经•2026/09/28 11:11