[Analyst: BTC's Rise Benefits from Reduced Selling Pressure, $100,000 May Become Resistance] On January 6, CryptoQuant analyst Axel stated that the current BTC price increase benefits from reduced selling pressure from short-term holders, but there is no clear confirmation of demand. The Short-Term Holder Realized Price (STH Realized Price) refers to the average acquisition cost for holders who have held BTC for less than 155 days. Currently, the BTC price is below this level, meaning short-term holders are, on average, in a loss position, which limits the potential for profit-taking. If the price rises to $100,000 and short-term holders return to a break-even point, it could trigger selling pressure. A key signal of market strength would be the price closing above the Short-Term Holder Realized Price.