STH-RP suddenly accelerated its downward move, dropping $1,000 in just two days from 4/25 to 4/27, now hovering around $79,000. The 7-day change rate sits at -2%, while for a long stretch before, it was basically steady at around -0.5% (see Chart 1). Why did STH-RP suddenly accelerate to the downside? And what impact might this have? If the 7-day change rate was 0%, STH-RP would simply be a flat line. The higher the rate, the steeper the curve. The reason for this move is a large amount of short-term coins suddenly becoming active—and selling at a loss. Chart 2 backs up this view: after BTC broke above $76,000, there was a rapid increase in distribution from short-term holders sitting at a loss, averaging 77,000 BTC daily over the past 7 days. Higher prices are being swapped for lower ones, so the short-term effect is definitely sell pressure, but in the long run, this actually reduces resistance for future upside moves. Just like we mentioned yesterday, when price gets close to the STH-RP, a huge chunk of coins become highly sensitive to this level, making it a key psychological threshold. When STH-RP accelerates downward, it forces “price action” to make a choice: either break through or pull back. Yesterday, we saw a pullback as the chosen path. But no matter what, the endgame is always the same: once there’s nowhere left to retreat, price makes a decisive breakout. After that, the trend direction becomes clear.