ME News message, December 24 (UTC+8), CryptoQuant analyst @AxelAdlerJr stated that the net pressure slope indicator, which measures the buy-sell pressure ratio of short-term holders, has fallen to the bottom 5% of the three-year distribution. The current level indicates that buyers and sellers are in a balanced phase. The net pressure slope indicator is calculated as the weighted selling pressure of short-term holders minus the buying pressure. A positive value indicates that selling pressure is currently high, while a negative value indicates that buying pressure is high. The current 24-hour net pressure moving average value is 4.79, with a price of 87,324 dollars. The median over the past three years is 73.17, indicating that during growth periods, selling pressure is typically dominant. The analyst pointed out that the market shows that the buy-sell pressure of short-term holders is in a balanced state. Historically, this balance period is not stable and often turns upward in a bull market, before again shifting to selling pressure. However, the current situation is more complex, with prices remaining below the STH actual price by 13.9% for nearly two months, causing short-term holders to incur losses, and the market has entered a bear phase. If the price falls below 85,000 dollars and the net pressure is below -15, it indicates that the magnitude of the pullback will further increase. (Source: ME)
