[Analyst: Short-term BTC holders return to profitability, exchange inflows surge simultaneously] Odaily Planet Daily reports that CryptoQuant analyst Axel Adler Jr. stated in an article that as BTC rose from approximately $63,000 to $77,000 over the past 8 days, the proportion of profitable supply held by short-term BTC holders (STH) increased from 26.1% on August 17 to 74.9%, indicating that most short-term holders have returned to a profitable state. Meanwhile, the net profit and loss indicator for short-term holders flowing to exchanges has turned positive, reaching +28,600 BTC as of August 24, surpassing the +25,000 BTC level. Axel Adler Jr. pointed out that if this indicator remains above +25,000 BTC while BTC's upward momentum begins to slow, the risk of concentrated selling by short-term holders will further increase. Conversely, if the indicator falls back near zero and BTC prices remain stable, it would suggest that potential selling pressure has eased.