CryptoQuant: Short-term holders account for 92% of losses, Bitcoin faces selling pressure.

CryptoQuant analysis indicates that Bitcoin's current price is around $70,000. Short-term holders (STH) have realized prices higher than the current price, with only about 8% of the approximately 5.7 million BTC in profit and about 92% in loss, creating potential selling pressure. Meanwhile, Strategy's approximately 762,000 BTC have realized prices of around $75,600, consistent with the recent price rebound resistance level. The overall average realized price is around $54,000, a level historically common in bear markets where prices typically fall back or remain below. Data suggests the market is currently facing resistance at the upper cost range, coupled with concentrated losses, making the structure relatively fragile.