هل ينسحب حاملو المراكز القصيرة بعد ارتفاع بيتكوين إلى 97000 دولار؟

【BitPush】Bitcoin broke through $97,000 yesterday, but there’s an interesting phenomenon behind this rally. According to on-chain data analysis, over 40,000 bitcoins in profit status were transferred to exchanges during this rebound period.

What does this tell us? Short-term holders (STH) are taking profits. Although the price momentum looks good, these investors clearly still feel somewhat uneasy. They seem to still be digesting the previous correction, and their confidence hasn’t fully recovered. From a psychological perspective, these traders need to see stronger upside momentum and clearer market confirmation before they’re willing to hold on. In other words, their unrealized profits aren’t substantial enough to overcome the urge to sell.

This reflects that while there are bulls pushing prices higher in the market, retail investors’ risk appetite is still in a recovery phase, with everyone still in a wait-and-see and exploratory mode.