Yonsei_dent2025-03-13

<Key STH Levels: Can Bitcoin Break Through $86K–$90K?>

Bitcoin's Realized Price represents the average acquisition cost of investors and serves as a key break-even level. Short-Term Holders (STH)—those who have held Bitcoin for less than six months—are particularly sensitive to market movements, making STH Realized Price a critical indicator for identifying support and resistance zones. Currently, Bitcoin is struggling to reclaim the $83K resistance. The weighted average Realized Price for 1W–6M STHs stands at $91.8K, meaning most short-term holders are in a loss position. Notably, 🟡 the 3–6M STH Realized Price sits at $86.1K, positioning it as a strong resistance level in the short term. Additionally, this cohort holds the largest share of Realized Cap among STHs, suggesting that selling pressure could intensify around this zone. On the downside, 🟢 the 6–12M Long-Term Holder (LTH) range is positioned at $63.7K, with the highest volume profile over the past year concentrated around $64K. This reinforces the idea that this area could serve as a strong support level. 👀 As Bitcoin navigates the $86K → $90K range, STHs looking to exit at break-even may increase market turbulence. The key question is whether buying demand will be strong enough to absorb this pressure. Let’s see how the market responds.