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Short-term Bitcoin holders realize unrealized gains for the first time in nearly six months, indicating Bitcoin's rally may face resistance.
ME News Report, May 1st (UTC+8), according to crypto analyst Darkfost, the 30-day moving average of Bitcoin short-term holder (STH) SOPR has turned positive for the first time in the past six months, indicating that STHs are on average at break-even or slight profit. Historical data shows that this situation often acts as a resistance level during bear markets, with holders prone to fleeing due to lack of confidence. (Source: ChainCatcher)