Bitcoin’s bullish swing backed by record high short-term holder realized price

2024-4-2 16:14

Quick Take

Bitcoin on-chain data by Glassnode portrays a bullish sentiment, underscored by robust support levels influenced by short-term holders‘ behavior. The Short-Term Holder Realized Price (STH RP), reflecting the average on-chain acquisition cost for coins moved within the last 155 days, recently soared to an all-time high of $57,547. Notably, its 7-day percent change stands at 4%, a significantly elevated figure following a remarkable 11% surge – marking the highest level since 2021.

Long/Short-Term On-Chain Cost Basis: (Source: Glassnode)

Over the past 14 months, the STH RP has consistently acted as a reliable price floor for Bitcoin, albeit with a minor exception in July and August 2023. Present market forces echo those of late 2020, characterized by Bitcoin’s relentless ascent and shallow dips, finding steadfast support just above the STH RP level. Moreover, the overall Realized Price across Bitcoin’s circulating supply has surged to an unprecedented high of approximately $28,000.

This on-chain data suggests that short-term holders are actively accumulating Bitcoin at increasingly higher price levels. As long as the market adheres to these realized prices, Bitcoin’s upward trajectory may persist, potentially experiencing relatively modest drawdowns compared to prior cycles.

The post Bitcoin’s bullish swing backed by record high short-term holder realized price appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98693.69 (-0.12%)
Объем 24H $69.531b
Изменеия 24h: -0.65 %, 7d: 8.27 %
Cегодня L: $98439.13 - H: $99414.82
Капитализация $1952.774b Rank 1
Цена в час новости $ 67059.47 (47.17%)

short-term realized price bitcoin on-chain holder bullish

Источник: cryptoslate.com

short-term realized → Результатов: 36


Фото:

Bitcoin To $53,200? Why History Says It’s Possible

As Bitcoin drops below $68,000, history suggests this correction is rather tame for bull markets, as plunges to this deep on-chain level have been the norm. Bitcoin Short-Term Holder Realized Price Is Currently Around $53,200 As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, BTC still has a decent margin over the realized price of the short-term holders.

2024-3-16 22:00


Short-term holder realized price nears $50,000

Quick Take Realized price, a metric reflecting the collective price at which each coin was last utilized on-chain, experienced significant fluctuations over the past week. The short-term holder (STH) realized price, showing the average on-chain acquisition price for coins moved outside exchange reserves within the past 155 days, is inching towards $50,000 – a notable […] The post Short-term holder realized price nears $50,000 appeared first on CryptoSlate.

2024-3-7 11:30


Bitcoin Drops Under $29,000, Here’s Where BTC Could Find Support Next

Bitcoin has plunged below the $29,000 level during the past day. According to on-chain data, here’s the next level that could act as major support. Bitcoin Short-Term Holder Realized Price May Be The Next Support Level As pointed out by an analyst in a CryptoQuant post, the realized price of the short-term holders at $28,000 could be an essential level for the asset.

2023-8-2 23:30


Фото:

Here Are The Pricing Models Bitcoin Must Stay Above For Rally To Go On

Here are the pricing model lines that Bitcoin might have to stay above if the bullish momentum of the cryptocurrency has to continue. These Bitcoin Pricing Models Are Currently Near The Spot Price In a new tweet, the on-chain analytics firm Glassnode has pointed out how the three pricing models, the adjusted realized price, the short-term holder cost basis, and the 200-week MA, are all close to the asset’s value right now.

2023-6-3 20:30


Glassnode: Bitcoin Is Yet To See This Historic Late-Bear Crossover

Data from Glassnode shows Bitcoin hasn’t yet seen a crossover in the current cycle that has historically marked late-bear periods. Bitcoin Short-Term Holder Realized Price Is Still Above Long-Term Holder’s According to the latest weekly report from Glassnode, the STH and LTH realized price crossover hasn’t yet taken place during the current bear market.

2022-9-14 22:00


Bitcoin’s ‘realized market capitalization’ at an all-time high as price continues to suffer following Libra’s Senate hearings

Bitcoin’s massive plunge in valuation recently has shook the cryptocurrency market. The world’s largest cryptocurrency falling below the decisive $10k support following Libra’s ‘interrogation’ before the United States’ Senate Banking Committee has many analysts doubting their bullish predictions.

2019-7-18 03:30


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Дебаты в США и падающий биткоин: как реагируют акции криптокомпаний

Пока биткоин продолжает торговаться около $60 000, в США прошли первые телевизионные дебаты между кандидатами в президенты. События, можно сказать, эпохальные. А как на это отреагировали акции крупных криптокомпаний, большинство из которых базируется как раз в США?

Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing.