"Bitcoin (BTC), 10,000 Dollar Turnaround Requires Long-term Holder's Selling Pressure"

According to a report by the Bitcoin research team on the 4th (local time), "Bitcoin (BTC) needs new capital inflow to overcome the 10,000 dollar mark, which requires long-term holders to sell." Furthermore, it was stated that "if the upward trend of Bitcoin (BTC) is to continue, the supply and demand between short-term and long-term holders must balance." It was analyzed that "currently, the supply of short-term holders is around 3.28 million BTC, which is close to the cycle peak." Additionally, "this is used as an indicator to judge the peak of the bull market. On one hand, long-term holders are coming out to realize profits, and they are putting pressure on the upward momentum of Bitcoin," explaining that "if this trend continues for more than two weeks and no new demand emerges to absorb it, the price of BTC could fall." Meanwhile, BTC was traded at 9,530.89 dollars, down 0.63% compared to the previous day, based on the Binance Tether (USDT) market at 01:12 on the 5th.