Gate News Report, March 17 — According to Glassnode data, Bitcoin’s price slightly surpassed $74,000 this week. Short-term holders realized profits (STH-Realized Profit, 12-hour simple moving average) surged to $18.4 million per hour. This pattern is consistent with what was observed in February: short-term holders continuously drained the momentum of each rebound at the $70,000 level, absorbing the upward trend before any genuine breakout could form.
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