So, this might be our gauge that the active sellers right now are the short-term holders, judging from the Exchange Reserve metrics that aren't aggressively increasing. Also, today, more Bitcoin has left the exchange compared to the amount coming in.
Do you think Bitcoin can hit $50k?
Anyway, for now, I'm still keeping an eye on the daily timeframe SMA50 as support in case there's a correction in the near future.
