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

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.