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CryptoQuant Analyst Axel Adler: Bitcoin at $82k coincides with the 200-day moving average, short-term holders sell on third attempt to top
📊 Phenomenon
Bitcoin has recently attempted to reach around $82,000 three times, each time encountering a pullback. The price is currently facing resistance at this level, with the 200-day moving average closely aligned with the resistance level. Until a confirmed daily breakout occurs, rebounds may still be viewed as selling opportunities.
🔬 Core Indicator: STH-SOPR
Each time the price rebounds near $82,000, the STH-SOPR indicator, which reflects short-term holder profitability, rises to around 1.0 and then weakens again, indicating short-term holders are continuously taking profits on rallies rather than holding their positions.
📌 Key Viewpoints
$82,000 is not only a critical technical resistance level but also an important area of selling pressure in market behavior.
🔑 Breakout Conditions
Adler emphasizes that a true market structural shift requires two conditions: first, the 7-day moving average of STH-SOPR remains above 1.0 for several days; second, Bitcoin's daily chart must effectively break above the 200-day moving average. Until then, each rebound may face selling pressure.
#比特币 # Crypto Market #CryptoQuant