CryptoQuant CEO: BTC short-term holder loss pressure at 0%

Selling pressure from Bitcoin short-term holders (STH) at a loss has disappeared, according to CryptoQuant CEO Ki Young Ju, who cited data from on-chain analyst Axel Adler Jr. Adler Jr noted on X that the STH loss pressure indicator, which stood at 22% at the end of March, has registered 0% for the past five consecutive days. He added that the proportion of STH supply has also hit a 90-day low of 22.2%. Adler Jr identified the key support range for BTC as $78,000 to $79,000.