@neonnebuls

Previously, we mentioned that BTC has been hovering around the STH-RP level for 7 days since the 26th. This is due to a combination of factors: market liquidity, the tug-of-war between buyers and sellers, and shifting macro sentiment. But BTC obviously can’t stay stuck at this sensitive level forever. Historically, from an on-chain perspective, similar situations tend to resolve within 10-20 days (see Chart 1)—either with a strong rebound or even a reversal, or with a prolonged downtrend or accelerated correction.

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