Key Takeaways:
Bitcoin short-term holders are back in profit, increasing chances for a rally to $100,000.
Long-term holders added 363,000 BTC since February, with new buyers injecting capital in April.
Bitcoin sell pressure risk exists at $97,000, where 392,000 BTC could be sold.
Bitcoin’s (BTC) surge above $91,700 on April 22 pushed its value above the short-term realized price or cost basis. This implies that a majority of short-term holders (STHs) are currently back in profit.
STHs returning to profit after unrealized losses signal a bullish outlook, paving the way for a potential $100,000 retest.
Bitcoin sh ..Support the originator by clicking the read the rest link below.
