Short-term holders now bear the same losses as in August 2024, but still far from the losses that occurred in 2021.
Now they continue to accumulate bitcoin at approximately $84,000, while the realized price of short-term holders (STH Realized Price) is $92,780.
In this cycle, many investors started buying too late and at inflated prices above $90,000, which led to a significant increase in the STH Realized Price.
As usual, newcomers fall into the trap of news, political promises and overly bullish forecasts near local market peaks. This time, I think, Donald Trump made a special effort.
In my opinion, Bitcoin needs to break through the realized price level of short-term holders ($92,780) and turn it into support to become bullish again. Until that happens, the bears remain in the game.
Pay attention to the fact that the realized price of short-term holders (red line) was always a support in bull markets, and a resistance in bear markets.
Now they continue to accumulate bitcoin at approximately $84,000, while the realized price of short-term holders (STH Realized Price) is $92,780.
In this cycle, many investors started buying too late and at inflated prices above $90,000, which led to a significant increase in the STH Realized Price.
As usual, newcomers fall into the trap of news, political promises and overly bullish forecasts near local market peaks. This time, I think, Donald Trump made a special effort.
In my opinion, Bitcoin needs to break through the realized price level of short-term holders ($92,780) and turn it into support to become bullish again. Until that happens, the bears remain in the game.
Pay attention to the fact that the realized price of short-term holders (red line) was always a support in bull markets, and a resistance in bear markets.
