Miners and Short-term Holders sold their Bitcoin

Miners-and-Short-term-Holders-sold-their-Bitcoin

In recent days, we have seen an increase in the price of bitcoin and the creation of a local top. At the same time, we saw an increase in MPI as well as the Short Term Holder SOPR.
Today, by examining these indicators, we are witnessing a decrease in the value of these two indicators. This increase and decrease in these two indicators indicate the sale of bitcoins by miners and Short Term Holder.
This sale will reduce the price of Bitcoin and create a local bottom. The value of this local baton will determine the next trend of BTC.
If the price drops so much that it causes bitcoin to re-enter the range area, it could be a sign of a further decline in bitcoin prices in the future.