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BlockBeats News, January 15, analyst Darkfost, combining on-chain indicator information, stated that although bitcoin experienced a strong short-term rebound and broke through $97,000, short-term holders (STH) seem more inclined to take profits. During yesterday's bitcoin surge above $97,000, more than 40,000 profitable bitcoins were sent to CEX. Darkfost pointed out that STH are still clearly affected by the recent correction and seem to need more upside momentum and stronger confirmation to rebuild confidence and generate enough unrealized profits, which would encourage them to hold rather than sell.

According to ChainCatcher, glassnode has concluded through the latest Bitcoin short-term holder Cost Basis Distribution (CBD) heatmap that the consolidation of Bitcoin price in the $80,000 to $95,000 range is due to a concentration of supply above this level, which forms resistance for the cost basis of recent buyers.

BlockBeats News, January 15th, glassnode concluded through the latest Bitcoin Short-Term Holder Cost Basis Distribution (CBD) heatmap that the consolidation of the Bitcoin price in the $80,000 to $95,000 range was due to concentration of overhead supply, forming resistance against the recent buyer cost basis. The heatmap shows that the overhead supply in this range has hindered multiple rebound attempts, causing the price to stagnate, despite continued increasing buying interest after pullbacks. If demand persists above $80,000, a breakout may be triggered.