Bitcoin Short-Term Holder Cost Line Forms Death Cross with TMMP on May 27

BTC-0.89%
According to BlockBeats, Bitcoin's short-term holder realized price (STH-RP) formed a "death cross" with the TMMP indicator on May 27, after consolidating closely for nearly 20 days. Analyst Murphy noted that market trading activity has dropped to a low, with holders on both sides of the average cost line unwilling to participate in transactions. The near-zero slope of the STH-RP decline indicates weak selling pressure, suggesting the resistance may not be as difficult to overcome as in historical cases.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments