Bitcoin Faces Pivotal Level At Short-Term Holder Cost Basis – A Move To $132K?
Bitcoin is trading above the $95,000 level as bullish momentum builds and the market looks poised for a potential breakout. After weeks of strong price action, bulls are now aiming to reclaim the $100,000 mark, a key psychological and technical milestone that could trigger further upside. Analysts are increasingly optimistic as selling pressure fades and […]
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According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH […]
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
Bitcoin has seen a rebound since retesting the short-term holder Realized Price, a sign that this historical on-chain support may be holding. Bitcoin Short-Term Holder Realized Price Just Acted As Support As explained by CryptoQuant author IT Tech in an X post, Bitcoin found support around the short-term holder Realized Price during the latest dip. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor on the BTC network. Related Reading: Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year When the price of the....
On-chain data shows that the Bitcoin price reiterates the last cost basis level associated with the short-term holder group. Bitcoin Price Has Surged Past Final Short-Term Holder Cost Basis As explained by CryptoQuant author Axel Adler Jr in a new post on X, Bitcoin has only one Realized Price of the short-term holders left to break. The “Realized Price” here refers to an on-chain indicator that keeps track of the average cost basis of the investors in the BTC market. Related Reading: Solana Cooling Off After 16% Surge? TD Sell Signal Goes Off Investors carry net profits when....
The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.