#bitcoinshorttermholdersreach4.08mbtc
Bitcoin: short-term holders at 4.08 million BTC.
What’s happening:
STH supply at its highest level since mid-June
422,000 BTC accumulated since July 29
Entry zone: US$82,000 to US$86,000
What’s concerning:
Profit margins for recent buyers are shrinking
Exchange inflows suggest possible preparation to sell
What to watch:
MVRV Z-Score: 0.95 to 1.0
Does not show the typical appreciation seen at cycle tops
Does not rule out a short-term correction
SOPR: close to 1.0
Coins moving near the breakeven point
A prolonged drop below 1.0 indicates loss realization
Average cost basis: US$74,900
Below that level, selling pressure could increase
My opinion: track price and indicators together. None of them confirms a top on its own.
Will BTC defend this range? Personal analysis, not a recommendation.
$TIA $RIVER $AGT
#AGT #BitcoinShortTermHoldersReach4.08MBTC #tia
Bitcoin: short-term holders at 4.08 million BTC.
What’s happening:
STH supply at its highest level since mid-June
422,000 BTC accumulated since July 29
Entry zone: US$82,000 to US$86,000
What’s concerning:
Profit margins for recent buyers are shrinking
Exchange inflows suggest possible preparation to sell
What to watch:
MVRV Z-Score: 0.95 to 1.0
Does not show the typical appreciation seen at cycle tops
Does not rule out a short-term correction
SOPR: close to 1.0
Coins moving near the breakeven point
A prolonged drop below 1.0 indicates loss realization
Average cost basis: US$74,900
Below that level, selling pressure could increase
My opinion: track price and indicators together. None of them confirms a top on its own.
Will BTC defend this range? Personal analysis, not a recommendation.
$TIA $RIVER $AGT
#AGT #BitcoinShortTermHoldersReach4.08MBTC #tia