What are some noteworthy behaviors and sentiments regarding STH after yesterday's sharp drop? First, only a small portion of the high-level trapped positions have loosened. STH has 1.48 million BTC in the $73K-$86K range, accounting for 68% of the total short-term holdings, all currently showing unrealized losses. Yesterday, the net decrease in this range was only 34,000 BTC, accounting for 2.3%. This indicates that the vast majority of STH holders with unrealized losses chose not to hold, and yesterday's drop did not trigger panic selling by short-term holders. The real reduction in loss-making BTC came from: $75K (decrease of 7,282 BTC), $80K (decrease of 8,481 BTC), and $85K (decrease of 5,441 BTC); The selling pressure was dispersed and not significant (the decrease at $78K and the simultaneous increase at the adjacent $77K likely indicate data consolidation and adjustment). Another source of selling pressure came from LTH; yesterday, STH saw a net increase of 17,500 BTC in total supply, indicating that the decline was accompanied by the distribution of older tokens, but the total amount was much smaller than STH's own distribution. Yesterday's price range was wide, but the main support level was at $68K, where 42,200 BTC were added. Secondly, there's the profit-taking below: The $62K-$64K range contains 480,000 BTC, currently the only significant profit-taking area in STH. Only 3,100 BTC were lost that day, less than 1%. The current price is only about $4,000 away from the upper edge of this range, and these investors did not take profits during the dip. This is the nearest support level. Once the price enters this range, STH's profit-taking will essentially disappear, and the emotional pressure will significantly increase. However, if the trapped positions above remain unchanged in the coming period, based on past experience, the price can be "absorbed" back soon.