has fallen below the Short Term Holder Realized Price, indicating that the price might drop to $61,000 or below $60,000 in the coming days.
According to Glassnode, at press time, Bitcoin’s STH Realized Price was $64, 372 while BTC’s value was $64,066. Also, known as theHere, it’s worth pointing out that the STH Realized Price is valued at the day each coin was last transacted on-chain. Typically, STH are those who bought BTC not later than the last 155 days.When Bitcoin rises above the Realized Price, it increases the chance of a price rise. This, because the metric acts as support for the crypto’s price.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: