Bitcoin Short-Term Holders Shift from Selling Pressure to Buying Up the Dip

CryptoQuant analyst Axel Adler Jr. has noticed a shift in the Bitcoin short-term holder realized pressure model, which is now dominated by buyers.

This pattern of buying up the dip is reminiscent of February's rebound after a correction. Currently, about 30% of short-term holders are under pressure to sell, but this figure is lower than the 22% of sellers with similar concerns.

The Bitcoin price is currently at $63,900, near the lower bound of its short-term holder cost basis range at $61,600. If this level holds, the demand structure remains unchanged. However, if it's breached, the latest holders will incur losses.