Analysis: BTC Short-Term Holders Buying the Dip as in February, Selling Pressure Easing

CoinFeed July 10 news, CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's short-term holder realized pressure model has turned buyer-dominated again at lows, repeating the rebound pattern after the February pullback. The current buyer pressure score is about 30%, higher than the seller's 22%, and seller pressure has compressed to multi-month lows. Chips are transferring from short-term holders to stronger buyers, consistent with accumulation phase characteristics. The price is currently at $63,900, near the lower boundary of the short-term holder cost basis range at $61,600, about 4% above the latest buyer cost basis and nearly 10% below the comprehensive cost basis of $71,000. The analyst pointed out that as long as the lower boundary of $61,600 holds, the demand structure remains unchanged; if this level is lost, the latest holders will also fall into losses.