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CryptoQuant analysts: BTC selling pressure in the past 24 hours is below the historical average

CryptoQuant analysts: BTC selling pressure in the past 24 hours is below the historical average

2025-06-11 13:46

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ChainThink reports: According to Axel Adler Jr, a CryptoQuant analyst, in the past 24 hours, short-term holders have sold an average of about 21,000 Bitcoins through centralized exchanges (CEX), which is below the historical average selling pressure level. This indicates that despite the rise in Bitcoin's price, short-term holders are currently in a relatively calm state and are not rushing to lock in profits on a large scale. Analysts point out that $120,000 will become the next psychological milestone for many market participants. As the price approaches this boundary, profit-taking activities may increase. Similar reactions have been observed multiple times whenever Bitcoin reaches an integer price level.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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