CryptoQuant analyst Axel Adler Jr. stated that BTC rose from approximately $63000 to $77000 within 8 days, and the proportion of short-term BTC holders' profit supply increased from 26.1% to 74.9%. The net profit and loss indicator of short-term holders flowing to the exchange has changed from negative to positive, reaching+28600 BTC as of August 24th, breaking through the+25000 BTC level. Axel Adler Jr. pointed out that if the indicator continues to be above+25000 BTC and BTC's upward momentum slows down, the short-term risk of concentrated selling by holders increases; If the indicator falls back to near zero and BTC prices remain stable, the potential selling pressure will ease.
