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Bitcoin Approaches Short-Term Holder Realized Price of $107,000
Bitcoin is nearing the Realized Price of short-term holders, an on-chain metric that indicates the average cost basis for investors who bought BTC within the last 155 days.
Key Points
- The current average cost basis for short-term holders is $107,000.
- Bitcoin's price recently dropped to around $108,800 but rebounded to $109,800.
- The STH Realized Price has historically acted as a psychological barrier, influencing market behavior.
- Short-term holders may buy during bullish trends or sell during bearish phases at their cost basis.
- The 200-day simple moving average is currently at $100,700, providing additional support.
- A retest of the STH Realized Price and the 200-day SMA could significantly impact Bitcoin's price direction.
