According to Foresight News , Glassnode tweeted that Bitcoin's price slightly broke through $74,000 this week, with short-term holders realizing profits (STH - Realized Profit, 12-hour Simple Moving Average) surging to $18.4 million per hour. This is consistent with the pattern observed in February: short-term holders continuously consumed the momentum of each rally around the $70,000 level, absorbing the upward momentum before any real breakout could form.
Data: Short-term BTC holders continue to exhaust the momentum of each rebound around the $70,000 mark.
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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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