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CryptoQuant: BTC stabilizing above $83k is the key to market recovery
Mars Finance News, CryptoQuant analyst Axel Adler stated that after the spring market pressure was released, the selling pressure from short-term holders (STH) has significantly eased, and the recovery of the Bitcoin market is still ongoing. The current price has approached the short-term holder cost basis, and the key trigger for the subsequent trend depends on whether it can effectively hold above approximately $83k for short-term holders. Only by breaking through and stabilizing above this level can the market further verify the actual selling pressure of short-term holders and whether it will suppress the price again.