Bitcoin Sell STH weakens: 16.8k BTC sent to the stock exchanges with a loss star-news.press/wp

Bitcoin rose to the highest new level ever at 124,500 dollars yesterday, which represents another milestone in its 2025 historical race. However, the celebration did not last long as it faced the largest encrypted currency in the world immediately for sale, withdrawing prices back and indicating the beginning of a new stage in the market dynamics. The assembly, which is nourished by weeks of a strong purchase momentum, is now facing a critical turning point.

Analysts are divided into what comes next. Some believe that the last peak can constitute the beginning of the momentum, as traders hold profits after the record mode is moved. However, others believe that the withdrawal sanctifies a healthy stop before a higher explosive payment, which is likely to target levels higher than $ 125,000 if the purchase force is returns.

The data on the chain of Cryptoquant adds an interesting layer to Outlook. Short -term holders are currently selling a loss, but the severity of this sale was weakening compared to previous corrections. This reduced pressure indicates that the market may absorb the supply more effectively, a factor that can reduce the risk of the negative side in the short term.

The pressure of the holder weakens in the short term

According to the highest market analyst Axel Adler, the latest decrease in Bitcoin revealed a noticeable shift in market dynamics between short -term holders (STH). During yesterday’s decline from the highest level of $ 124,500 ever, about 16800 BTC were sent to the stock exchanges by a STH-is much lower than it was before Cloud. Historical comparisons show that surrender events earlier this year included much larger sale, indicating a gradual decrease in the exits driven by panic.

Adler refers to a visible direction on the series: STH surrender, represented by blue arrows on his scheme, was shrinking over time. This decrease in the sale of pressure reflects the improvement of flexibility between new buyers and the absorption of the market in general. Simply put, the market no longer interacts with the same density with withdrawal, a sign that the short -term participants may maintain more condemnation.

While the upscale momentum may cool after the record rise, the price movement is still strongly strong. Bitcoin is still trading much higher than the main averages, indicating that support for the broader market is sound. Investors seem to put in place the next decisive step, whether it is an attempt to restore and break above $ 125,000 or a unification period to reset the momentum.

Support Bitcoin tests after rejection at record levels

The graph for 4 hours of Bitcoin shows a volatile week, with a price of $ 124,500 before facing strong rejection near the resistance level of $ 123,217, which is characterized by yellow. BTC withdrawal led to a $ 118,000 region, with SMA (RED), which has a remarkable support, which led to an increase in the negative side.

The short -term momentum indicators indicate a fragile recovery. SMA (blue) is 50 periods (blue) above 100 SMA (green) periods, indicating that the broader trend is still optimistic despite the last pressure pressure. However, the price is now uniformly less than the $ 119,000 mark, which reflects the market frequency before the possible re -test up.

For bulls, the restoration of $ 120,000 will be a key to recovering momentum and preparing another batch towards a $ 123,000 region – 124,500 dollars. On the negative side, a clean break can open less than $ 118,000 the door for a deeper decline of about $ 116,900 and possibly $ 115,000.

BTC is still in a bullish direction on the time frame for 4 hours, but rejection is at all levels ever and referring to the subsequent cooling stage. Traders will be monitored either in order to obtain higher resistance to confirm the continuation or loss of support that may turn morale more than just a short term.

Distinctive image from Dall-E, the tradingView graph

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