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Bitcoin’s Balancing Act: Short-Term Holders and Bitcoin Market Pressure

The Bitcoin market is currently in a precarious state as the supply from short-term holders has significantly decreased this year. While Bitcoin’s price is gradually recovering, the STH NUPL metric nears a balance point, indicating the potential for increased sell pressure from short-term investors.

A key indicator of this trend is the Net Unrealized Profit Loss (NUPL) metric for short-term holders (STH). When the STH NUPL values are above 0, these holders can profit by selling their co