Analysis: The enthusiasm of short-term investors has dropped to near zero, indicating a possible market turning point.
BlockBeats News, September 9th: On-chain data analyst Murphy posted an article stating that the market is experiencing a period of low volatility and high concentration. The 7-day change rate of STH-RP (Short-Term Holder Realized Price) is only 0.69%, indicating that the enthusiasm of short-term investors has dropped to a freezing point. This situation is similar to the consolidation periods in February and May 2025, suggesting that a market inflection point may be approaching.
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