Analyst: Short-term Bitcoin holders may start selling on June 11, when the price could reach $162,000

ChainCatcher news, CryptoQuant analyst Axel Adler Jr stated that the unrealized profit rate for short-term holders who have held their coins for 1-3 months is 27%. Over the past 4 years, when this metric exceeds 40%, this group of holders tends to start selling, creating downward pressure on prices.

At the current daily growth rate of approximately 0.818 percentage points, this metric is expected to reach the critical value of 40% in 16 days (June 11), at which point the Bitcoin price is expected to reach around $162,000.

Axel Adler Jr noted that this prediction is based on linear extrapolation and does not account for potential "black swan" events or sudden factors.