STH Key Level: $62.7K – Will It Break or Hold?

STH-Key-Level-627K-Will-It-Break-or-Hold

As Bitcoin’s price continues to move sideways, the realized share of Short-Term Holders (STH) has dropped from 55% three months ago to 40%. With the realized prices for STHs holding for one week to six months getting closer, STHs are likely to react more sharply to price fluctuations in the near future.
📌I calculated the key price levels by incorporating the realized share into the period-specific STH realized prices. However, the 0d-1w cohort has been excluded, as its realized price is not significantly different from the spot price.
The critical STH price level is $62.7K, consistent with the 3 months. Since the market has been hovering around $62K, breaking above this key level could indicate a more positive market structure. With Bitcoin currently at $61.8K, a move above $63K, supported by trading volume, could trigger short-term bullish momentum.