CryptoQuant analysts: Bitcoin short-term holders leave on rallies rather than continue to hold positions

CryptoQuant analyst Axel Adler issued a document saying that Bitcoin has hit around US$82,000 three times recently, but all suffered a fall back. During each rebound, the STH-SOPR indicator rose to around 1.0 and weakened again, indicating that short-term holders are taking advantage of the rising market to continue to make profits and leave the market. Instead of continuing to hold positions, the current US$82,000 is not only a key resistance level at the technical level, but also an important selling pressure area at the market behavioral level, which has formed a strong selling pressure area.