Bitcoin witnessed a modest recovery after declining to less than $ 100,000 earlier today. At the time of this report, BTC is trading slightly higher than $ 101,000, after a decrease of 3.7 % in the past 24 hours.
This last movement seems not only hope for investors, but has now caught the attention of analysts closely to monitor data on the chain and the behavior of a short -term holder to understand the potential step following the original and critical levels that must be monitored.
Bitcoin’s main support level
The most prominent Yonsi Dent, who is a contributor to the Cryptoquant QuickTake platform, key standards Indicating Their short -term holders (STH) may play a pivotal role in determining the levels of immediate support for Bitcoin.
In his latest analysis, Dent set 89,900 dollars as a decisive support level for its owners who occupied BTC for a week to six months. He pointed out that most of the short -term holders are still in profit, which reduces the possibility of a sudden wave of pressure pressure.
However, Dent also acknowledged that the two-to-six range holders are confused, although their limited market share-9.4 % of the maximum pro-definitions-weaken their ability to disrupt the dynamics of the broader market.
DENT results also indicate that the level of $ 89,900 is a technical support zone and the chain. With the market fluctuation continues to pressure, the support level is important. It is possible that any breach or from this range is likely to draw a great interest from merchants and analysts.
The data indicates that the short -term withdrawal may not lead to the sale of widespread panic, making the market relatively stable around this price sign.
With very compressed fluctuations, where is the main STH support?
“This indicates that 89.9 thousand dollars can be a stable support zone, even amid short -term decline.” – By yonsi_dent
connection
https://t.co/4ayrjbqlwe pic.twitter.com/inlbmris78
– Cryptoquant.com (Cryptoquant_com) January 27, 2025
The main players refuse to sell their BTC holdings
Meanwhile, another encrypted analyst, Grizly, provided additional vision In the behavior of long -term and short -term bearers. According to GRIZZLY, the SOPR-which is characterized by the profit rate between long-term and short-term holders-did not rise sharply during the current running of the courses compared to previous sessions.
This may indicate a shift in market behavior with bitcoin maturity. Grizzzly pointed out that with more courses, investors become less inclined to engage in speculation trading. Instead, they seem to adopt a more measured approach, as they treat Bitcoin as a long -term origin rather than a quick chance.
Moreover, Grizzzly pointed out that the institutional participation in Bitcoin has mainly the “changing” market dynamics. With more capital flowing to Bitcoin portfolios instead of exchanges, there is a clear decrease in immediate sale pressure.
This trend, in addition to the mature investor base, indicates that bitcoin can enter a new cycle characterized by longer detention periods and lower speculation fluctuations.
A distinctive image created with Dall-E, the tradingView chart
