CryptoOnchain
Decrease in selling pressure by 1-3 month holders.
The short-term SOPR chart and the UTXO Age Band for holders between 1 to 3 months indicate a decrease in selling pressure by this group. These holders, who form an essential part of short-term investors, appear to show reduced activity in the market after taking profits from their short-term trades of 1-3 months. This can be observed in the decrease in Bitcoin moved by them as well as in the short-term SOPR chart.