BroadChain learned that at 02:02 on April 25, according to Bitcoinist, the price of Bitcoin has rebounded above the cost basis of short-term holders, bringing this group back into profitable territory. The on-chain indicator STH-SOPR is currently hovering around the 1.01 level, indicating that short-term holders are selling at a slight profit, with market sentiment shifting from panic to cautious optimism. Analysts point out that if this indicator consistently stays above 1, it could form dynamic support, driving Bitcoin further upward to $80,000;
Conversely, if it falls below 1, it would signal a rapid realization of short-term profits, potentially putting pressure on the price. Meanwhile, whale addresses have accumulated approximately 270,000 BTC over the past 30 days, marking the largest monthly absorption since 2013. Exchange reserves have dropped to a 7-year low, and the Delta indicator between whales and retail investors has turned bullish, indicating that large players are heavily building positions while retail investors panic.