The short -term holder is produced price (STH RP) for Bitcoin
is currently at $ 98,200, which represents the average acquisition price on the channel for Bitcoin BTC held outside of exchange reserves and has moved in the last 155 days.
This metric, derived using heuristic chain, helps to distinguish between short and long -term carriers and gives an overview of the feeling of the market, according to Glassnod data.
The price made refers to the average acquisition price of the entire Bitcoin offer in circulation, on the basis of the last time each part has moved to the chain. STH RP narrows this to more recently active parts, which are statistically more likely to be spent. They are often the most sensitive to market volatility.
During the weekend, Bitcoin plunged in the middle of geopolitical tensions, motivated by the climbing of conflicts between Israel and Iran, and the growing fears of climbing between us and Iran. The traditional markets closed, investors responded by selling liquid assets like Bitcoin not necessarily by desire, but the need.
Historically, when Bitcoin is negotiated above the STH RP, this generally signals an upward trend. Conversely, trade below the STH RP is often associated with lower or consolidation phases.
For example, from June to October 2024, before the American presidential election, Bitcoin remained below the STH RP which was about $ 62,000 at the time. Similarly, in February to April 2025, prices fell again below this threshold which was around $ 92,000.
Bitcoin has rebounded, backing over $ 100,000 and now negotiating about $ 101,000. For the bullish momentum to continue, it will be crucial for BTC to stay above the RP level of $ 98,200.
