CryptoQuant analyst: Bitcoin formed a strong selling pressure zone at $82,000; short-term holders should exit at higher prices.

CoinFeed reported on May 17th that CryptoQuant analyst Axel Adler stated that Bitcoin has recently tested the $82,000 level three times, but has retreated each time. Data shows that during each rebound, the STH-SOPR indicator rose to around 1.0 before weakening again, indicating that short-term holders are taking profits and exiting the market rather than continuing to hold their positions. Axel Adler pointed out that $82,000 is not only a key technical resistance level, but also an important selling pressure zone in terms of market behavior. Currently, this level coincides with Bitcoin's 200-day moving average (200D SMA). Before the STH-SOPR SMA(7) holds above 1.0 for several consecutive days and the BTC daily chart effectively breaks through the 200-day moving average, market rebounds may still be seen as selling opportunities.