"Just checked the latest data—this time when BTC rebounded to 71k-72k, the 24-hour average realized profit was $18.79M, which is much smaller compared to the massive cash-outs triggered during previous rebounds. At the same time, short-term holders' 24-hour average realized loss was only $6.06M, which is a very low figure recently. Putting it all together, the information reflects that current market sentiment among investors is gradually stabilizing. Compared to the extreme pessimism in February, there are clear signs of improvement. When prices rebound, those in profit aren't rushing to sell, and those at a loss aren't eager to cut their positions either. Looks like the market is anticipating a higher rebound range. Guess I can't be too stubborn with my short position. Even though the indicators show a need for correction due to overbought conditions and divergence, if there's a short-term opportunity, I’ll have to exit quickly—no point in fighting the trend." #BTC #Crypto