The selling pressure from STH has not yet reached its peak as it did at the time of $72.4k before, indicating that there is still potential for BTC prices to continue rising.
The strong upward trend, supported by the increasing STH supply, could bring BTC closer to the anticipated $100k mark.
The increase in STH supply also indicates that speculative interest is growing as the market expects to surpass the psychological resistance level of $100k. This could be a short-term catalyst for price growth.
Always remember to take partial profits because no one can accurately predict the peak or the bottom. The best strategy is to lock in profits along the way. Trade safely and smartly!