BTC冲上97000美元后，短期持有者却在撤离？

【BitPush】Bitcoin broke through $97,000 yesterday, but there’s an interesting phenomenon behind this rally. According to on-chain data analysis, over 40,000 bitcoins in profitable positions were transferred to exchanges during this rebound.

What does this tell us? Short-term holders (STH) are taking profits. Although the price momentum looks good, this group clearly still feels somewhat uncertain. They seem to still be digesting the previous pullback, and confidence hasn’t fully recovered yet. From a psychological perspective, these traders need to see stronger upside momentum and more obvious market confirmation before they’re willing to keep holding. In other words, their unrealized profits aren’t substantial enough to override the urge to sell.

This reflects that although there are bulls pushing prices higher in the market, retail investors’ risk appetite is still in a repair phase, with everyone still in a wait-and-see and exploration stage.