Bitcoin Price Recovers Above $101,000 After Weekend Dip to $98,200

The short-term holder realized price (STH RP) for bitcoin is $98,200. This figure reflects the average on-chain acquisition price for bitcoins held outside exchange reserves and moved in the last 155 days.

Derived from on-chain data, STH RP helps differentiate between short and long-term holders.
Realized price indicates the average acquisition price of circulating bitcoin based on the last movement on-chain.
Recent geopolitical tensions have caused a dip in bitcoin prices, influenced by conflicts involving Israel and Iran.
Investors sold liquid assets like bitcoin due to necessity rather than choice during market closures.
Historically, trading above the STH RP signals a bullish trend; below it often indicates bearish conditions.
Currently, bitcoin is trading around $101,000 and must stay above the $98,200 STH RP for continued bullish momentum.