Bitcoin Price Surges Above Short-Term Holder Realized Price
On-chain data indicates that Bitcoin has surpassed the Realized Price of short-term holders (STHs), a key psychological level in the market. The Realized Price represents the average acquisition cost for investors.
Key Points
- The STH Realized Price refers to Bitcoin purchased within the last 155 days.
- When the spot price exceeds this metric, STHs are generally at a net unrealized profit.
- Previously, Bitcoin's price fell below the STH Realized Price, indicating losses for these investors.
- The recent price surge of almost 6% has brought Bitcoin back to $93,600.
- A sustained move above the STH Realized Price could signal renewed confidence among short-term holders.
