PANews reported on January 22 that, according to Glassnode analysis, Bitcoin's recent attempt to break through the short-term holder (STH) cost base ($98,400) has been met with selling pressure from holders who have held their positions for 3-6 months. These holders have an average cost base of approximately $112,600, and they increased their selling during the price rise, incurring significant losses and thus hindering upward momentum.