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TechFlow news, August 31: CryptoQuant data shows the Bitcoin Short-Term Holder (STH) SOPR indicator has repeatedly failed at the break-even point, indicating increasing selling pressure. Short-term holders continue to face resistance when breaking key resistance levels, creating sustained selling pressure. This ongoing profit-taking phenomenon may signal a shift toward cautious market sentiment.
CryptoQuant data shows that the Bitcoin Short-Term Holder (STH) SOPR indicator has repeatedly failed to rise above the break-even level, indicating increasing selling pressure. Short-term holders continue to face resistance when breaking through key resistance levels, creating sustained selling pressure. This ongoing profit-taking phenomenon may signal a shift toward cautious market sentiment.
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