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.

Bitcoin STH Realized Price

Bitcoin Price Chart