On-chain sentiment resonates with technical indicators suggesting weakness? Short-term holders have fallen into unrealized losses.

[Coin World] On-chain data continues to send warning signals. The latest market analysis indicates that the current investor sentiment is synchronously reflecting the on-chain structural performance—both pointing to signals of short-term market weakness.

Specifically, the situation for short-term holders is not optimistic. This group, which typically represents the active sentiment in the market, has now fallen into a state of unrealized losses, which often indicates that selling pressure is accumulating in the market. More concerning are the changes in the technical aspects — key support levels that once safeguarded the bulls have gradually transformed into resistance levels that suppress rebounds. This shift from support to resistance typically marks a significant turn in market momentum.

Signals from multiple dimensions are converging, seemingly telling the same story: the pressure on the market has been accumulating recently.

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