Gate News reports that on March 27, according to monitoring by CryptoQuant, amidst ongoing geopolitical tensions and economic trade pressures, BTC has recently seen a slight rebound and entered a consolidation phase. In early February, when BTC fell below $60,000, short-term holders (STH) reached a peak of panic selling sentiment, transferring approximately 100,000 BTC to a certain CEX within a week. Currently, this data has significantly declined, with the amount of BTC flowing into a certain CEX from STH dropping to about 25,000 BTC, marking a historic low. CryptoQuant analysts point out that this change indicates a significant reduction in market selling pressure, which is a positive signal for the currently pressured risk asset market.
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