Presently, Bitcoin is facing strong bearish action, with its price falling towards the $110,000 mark. As a result of this negative price movement, short-term BTC holders are exhibiting pessimistic behavior toward the flagship digital asset.
According to Darkfost, many of these investors are probably the most recent buyers who are attempting to exit at break-even points. Such investor action clearly makes breaking past the $112,500 price level a bit difficult.
