Such a claim suggests that Bitcoin is still stable, exhibiting minimal volatility, and still has more room to grow. Nonetheless, the only way the situation can be altered is if Bitcoin’s price aggressively drops below the $98,000 mark, which may lead to a more significant decline in the short term.
To put it differently, this notable shift in behavior implies that the current surge of panic selling and profit-taking carried out by these investors is wearing itself out. With selling pressure dying down among short-term Bitcoin holders, it could indicate a potential impending rebound, with key levels like the STH Realized Price holding strong against bearish attempts.
