BTC突破97000美元后，短期持有者却在撤离？

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

What does this mean? Short-term holders (STH) are taking profits. Although the price trend looks good, this group of people clearly still feel somewhat uncertain. 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 upward momentum and clearer market confirmation before they’re willing to keep holding. In other words, their unrealized profits aren’t large enough to make them ignore the urge to sell.

This reflects that although there are bulls pushing prices up in the market, retail investors’ risk appetite is still in a recovery phase, and everyone is still in a state of observation and exploration.