Bitcoin Short-Term Holders Turn Buyer-Dominant on July 10 as Seller Pressure Hits Multi-Month Low

According to CryptoQuant analyst Axel Adler Jr., on July 10, Bitcoin short-term holder realized pressure model turned buyer-dominated, with buyer pressure at 30% versus seller pressure at 22%, matching the recovery pattern seen in February. Seller pressure compressed to multi-month lows as chips transferred from short-term holders to stronger buyers, signaling an accumulation phase.

Bitcoin traded at $63,900, near the lower bound of the short-term holder cost basis at $61,600—approximately 4% above the latest buyer cost basis and roughly 10% below the aggregate cost basis of $71,000. Support at $61,600 remains key; a breach would push latest holders into losses.