Bitcoin's price has dropped below $90,000 and is struggling to maintain momentum, potentially influenced by the behavior of short-term holders (STHs). The Short-Term Holder Spent Output Profit Ratio (SOPR) indicator is below the bullish threshold of 1.0, suggesting increased sell pressure and the possibility of further losses. Despite the drop, there hasn't been a significant amount of BTC leaving exchanges, indicating that STHs may be hesitating to sell. Bitcoin's price is currently at its lowest since November 2024, but if it can maintain support at $87,041, there is potential for a recovery and positive trend. However, if it falls below this support level, the sell-off could intensify and result in a prolonged downtrend.



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