Profitable STH sales have yet to reach the levels seen during the previous peak of $72.4k. This indicates that the pressure to lock in profits has not yet peaked, leaving room for further price increases.
BTC's strong upward trajectory, highlighted by the yellow trendline, is supported by increasing STH supply. If this momentum continues, BTC could rise to the expected $100k mark.
The increase in STH supply indicates growing speculative interest as market participants await a break through psychological resistance at $100k. This demand could be a short-term catalyst for higher prices.
Always remember about partial profit fixation. The best strategy is to lock in profits gradually. Trade smart!