Bitcoin’s short-term holder pressure on Binance has entered a calmer phase.

The 7-day standard deviation of realized profit/loss pressure fell to 217, marking its lowest reading since February, compared with the previous low of 277.

The move signals that short-term holders are sending coins to Binance with less aggressive profit-taking and less panic-driven loss realization, reducing near-term distribution pressure on the market.

Written by Amr Taha