Bitcoin Short-Term Holder Net Pressure Hits Bottom 5%; Risk of Deeper Pullback Below $85,000

Bitcoin's short-term holder net pressure tilt fell into the bottom 5% of its three-year distribution on Dec. 24, indicating balanced buying and selling among short-term holders, CryptoQuant analyst @AxelAdlerJr said in a note relayed by BlockBeats. The metric, which equals short-term holders' weighted sell pressure minus buy pressure, stood at 4.79 on a 24-hour moving average with price at $87,324; positive readings denote heavier selling while negative readings signal stronger buying. He noted such balance periods are historically unstable in bull markets and often turn upward before reverting to selling, adding that with price staying nearly two months 13.9% below the STH realized price, short-term holders are in losses. If price drops below $85,000 and net pressure falls under -15, it would indicate a deeper correction, he said.