Bitcoin holds above STH realized price as exchange outflows accelerate

Bitcoin Holds Above Key Cost Level Despite Weak Trading Volume

Bitcoin stays near $66,000 after last week’s correction, marking a 52% drop since its October 2025 peak. On-chain data shows structural resilience and hints at a potential stabilization phase.

CryptoZeno notes BTC’s short-term holder realized price still sits below market price, meaning recent buyers remain in profit. This lowers immediate selling pressure.

The 7‑day Spent Output Profit Ratio (SOPR) stays around 1 — coins mostly sold at mild profit, not mass liquidation.

Exchange netflows show steady outflows over 30 days, pointing to renewed accumulation by longer‑term holders. Analysts compare this to early bull‑cycle patterns.

After February’s $60,000 low, Bitcoin moved between $65,000 – $76,000. Overall, metrics suggest supportive structure and restrained supply.

Still, CryptoZeno warns: if BTC breaks below the short‑term holder cost basis, a sentiment shift and short‑term dip could follow.

At publication time, Bitcoin trades at $66,748 — up 1.04% daily — while trading volume fell 53%, reflecting weaker market conviction.