Amr Taha
Short Term Holders selling every where
As I mentioned three days ago, short-term holders have begun selling in the spot market and opening short positions in derivatives. Short-term holders begin selling activities near or below 51k at very low prices. Observations on charts: - BTC has crossed above the 1-day to 1-week UTXO Age Band for the first time since July 9th on the hourly chart. - The STH Realized Cap chart indicates an increased negative value below 3 billion. - The Short Term Holder SOPR reached a value of 0.9 for the first time since June 2022. Generally, historical data indicates that selling activities by short-term holders can lead to a rise in prices or the continuation of a bull market.