BlockBeats news: On January 15, analyst Darkfost, combining on-chain metrics, stated that despite Bitcoin's strong short-term rebound above $97,000, short-term holders (STHs) appear more inclined to take profits.
During yesterday's Bitcoin breakthrough to $97,000, over 40,000 Bitcoin that were in profit were sent to CEX. Darkfost noted that STH is clearly still affected by the recent correction and appears to need more upward movement and stronger confirmation to rebuild confidence and generate sufficient unrealized profits, which would encourage them to hold rather than sell.

