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$BTC shook out weak hands.
STH unrealized losses peaked near $110B and have now dropped to $65B as price reclaimed $95K–$97K.
Sell-side risk from short-term holders is near cycle lows.
Most panic selling already happened.
With STH stress easing and price reclaiming key EMAs, it won’t take much demand to push BTC toward $99K+.
Market feels lighter here.
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