Bitcoin has certain on-chain resistance levels coming up that could threaten future rallies. Here are the exact prices at which they lie.
Bitcoin Short-Term Holders Have Their Cost Basis At These Levels Ahead
As explained by CryptoQuant author Axel Adler Jr in a new post on X, the BTC short-term holders currently have their cost basis levels between $62,000 and $65,000. The on-chain relevance metric here is the “Realized Price,” which keeps track of the average acquisition price on the Bitcoin network.
When this indicator is above the cryptocurrency’s spot price, it means the average investor in the market is underwater right now. On the other hand, it being below BTC’s value suggests the dominance of profits on the network.
In the context of the current topic, the Realized Price of the entire userbase isn’t of interest, but only that of a specific segment of it called the short-term holders (STHs). The STHs refer to the investors who bought their coins within th
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