Oct 15, 2025
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Bitcoin Drops to $110,000 Before Rebounding to $113,000
Bitcoin's price has experienced another decline, reaching the short-term holder (STH) cost basis. This level has previously acted as support.
Key Points
- The "Realized Price" is an indicator of the average cost basis for investors on the Bitcoin network. If it exceeds the spot price, the market holds a net unrealized loss.
- Short-term holders (STHs), who bought Bitcoin within the last 155 days, are the focus here. They typically react quickly to market volatility.
- In recent weeks, Bitcoin has repeatedly tested the STH Realized Price, which has held as support.
- Analyst Maartunn notes that STHs follow a five-step cycle in bullish phases. Retests often lead to buying opportunities until investors become exhausted by the fourth retest, potentially weakening the support.
- The latest retrace might be the fourth step in this cycle. A break below the STH Realized Price could turn the support into resistance, prompting STHs to sell.
BTC Price Update
- Bitcoin's price fell to $110,000 but rebounded to $113,000.
