TechFlow News, April 26: CryptoQuant analyst Axel Adler stated that, following the release of market pressure in spring, selling pressure from short-term holders (STHs) has significantly eased. The Bitcoin market’s recovery remains ongoing, with the current price approaching the STHs’ cost basis. The key catalyst for the next leg of price movement lies in whether Bitcoin can sustainably hold above the STHs’ cost basis—approximately $83,000. Only a confirmed breakout and stabilization above this level will allow the market to further validate the actual selling pressure from STHs and assess whether such pressure could re-emerge to push prices lower.
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