It’s all in the data 👇
1. BTC pumped into Short-Term Holder Realized Price at $99k
2. STHs sent 41,800 BTC to exchanges in 24h
3. Price got rejected—hard

Maartunn
@JA_Maartun
01-16
Short-Term Holder Cost Basis is now at $99,412 📉
Bitcoin is trading just below this key level—crucial for bulls to reclaim.
As long as price stays under it, this looks more like a bear market rally than a new trend.


About STH sent 41.8k to exchanges 👇

Maartunn
@JA_Maartun
01-16
Short-Term Holders just sent 41,800 BTC to exchanges in the last 24h—at a profit 💰
That's a clear sign of profit-taking pressure entering the market.

Profit-taking by some short-term holders shows that not all of them trust this latest pump.
Below their cost basis, selling pressure will always exist. Definitely reclaiming the cost basis is the key.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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