Bitcoin STH Panic! — Is $104K the Key to Avoiding More Losses? Bitcoin [BTC] hit strong resistance and fell to a low of $103K after bouncing to $112K ten days ago.
At press time, the SOPR was 0.99, which means that recent buyers are closing positions at a loss.
Despite the decline in profitability, short-term holders are actively selling. The average dormancy rate of Bitcoin has dropped significantly to 8.5, which indicates that new coins are being spent more than old coins.
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Bitcoin STH Panic! – Is $104K the key to avoiding more losses?
2 min read
Short-term holders drive Bitcoin volatility, but stabilization above key level could sustain bullish momentum.
Published: June 3, 2025
Author: Gladys Makena
Editor: Jacob Thomas
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