Early in November, Bitcoin (BTC) went as far as slipping beneath its $100,000 psychological support, reaching about $98,900 before reclaiming its six-figure valuation. While this may suggest the predominance of a bearish sentiment among its investors, a recent on-chain evaluation has surfaced, explaining why the Bitcoin price might soon experience a major reversal.

Binance Sees Increased STH Activity; Triggers Liquidation Cascade

In a recent QuickTake post on CryptoQuant, on-chain analyst Amr Taha reveals a sudden shift in Bitcoin retail activity on the Binance network. Taha’s report dwells on the ‘[Bitcoin] LTH/STH Buy/Sell Binance’ metric, which tracks buying and selling activity on Binance, distinguishing between Long-Term Holders (LTHs) and Short-Term Holders (STHs).

Taha points o

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