Bitcoin price regains $ 101,000: important level for moving forward

Bitcoin has seen a modest recovery after below $ 100,000 today. At the time of writing, BTC has dropped 3.7 % in the past 24 hours and has slightly exceeded $ 101,000.

This recent movement has not only planted hope to investors, but also attracts analysts, and carefully monitor the current chain data and short -term behavior, and the next potential movement of the asset. I understand the important level of watching.

Main support level of bitcoin

YonSEI Dent, a contributor to the Quicktake platform in Cryptoquant, emphasizes important metrics that show that short -term holders (STH) can play a very important role in the immediate definition of bitcoin. 。

In his latest analysis, Dent has identified $ 89,900 as an important support level for holders who hold BTC for a week to six months. He stated that most short -term holders make money, reducing the possibility of sudden wave pressure.

However, DENT also acknowledged that the 3-6 months of holders were losing, but the limited market share (9.4 % of the real caps) is a wider market. It minimizes the possibility of confusion of dynamics.

Dent’s survey shows that $ 89,900 levels function as both technical and support zones on the chain. This support level gains importance as the market volatility continues to be compressed. Violation or bouncing from this range may be a great attention from traders and analysts.

Data suggests that short -term pullbacks do not cause a wide range of panic sales, but to stabilize the market around this price mark.

Where is the main STH support level because the volatility is highly compressed?

“This suggests that $ 89.9k can be a stable support zone even in short -term pullbacks.” – @yonsei_dent.

link https://t.co/4AYRJBQLWE pic.twitter.com/inLbmris78

-cryptoquant.com (@cryptoquant_com) January 27, 2025

Major players refuse to sell BTC Holdings

Meanwhile, another encrypted analyst, Glizuri, provided additional insights on the actions of long -term and short -term holders. According to Grizzly, the SOPR ratio (measurement of profit margins between long -term and short -term holders) does not rise rapidly in the current bullrun than the previous cycle.

This may show changes in market behavior as bitcoin mature. Grizzley pointed out that as investors tend to engage in speculative transactions as more cycles occur. Instead, they seem to be adopting a more measured approach, and treats bitcoin as a long -term asset, not a quick profit meeting.

He also pointed out that Grizzley has a fundamental dynamics in the market that has fundamentally changed to Bitcoin. Since more capital flows into bitcoin portfolio instead of exchanges, there is a visible decrease in immediate sales pressure.

This trend suggests that combined with mature investor basis, it can enter a new cycle that has a long retention period and a low speculative fluctuation.

Special image created by Dall-E, chart of TradingView