CryptoQuant: Short-term Bitcoin holders are taking profits at highs instead of continuing to hold

CryptoQuant analyst Axel Adler stated that Bitcoin has recently attempted to break through the $82,000 level three times, but each time it faced a pullback. During each rebound, the STH-SOPR indicator rose to around 1 before weakening again, indicating that short-term holders are taking profits during the uptrend rather than continuing to hold.

Currently, $82,000 is not only a key resistance level from a technical perspective but also an important selling pressure zone from a market behavior perspective, having formed a strong selling pressure area.