According to online reports, according to CryptoQuant analyst Axel Adler Jr, in the past 24 hours, short-term holders sold an average of approximately 21,000 bitcoins through the Centralized Exchange (CEX), which is lower than the historical average selling pressure level. This suggests that despite the rise in Bitcoin prices, short-term holders are currently relatively calm and are not rushing to lock in profits on a large scale. Analysts note that $120,000 will be the next psychological milestone for many market participants. As prices approach this boundary, profit-taking activity is likely to increase. Similar reactions have been observed many times whenever Bitcoin reaches integer price levels.