Bitcoin practically reclaims the short-term holder realized price, bringing with it both their breakeven point and the odds of significant BTC price upside.
Bitcoin faces a battle for a key bull market trendline, which it lost for the first time in nearly a year in June.
Data from onchain analytics platform CryptoQuant shows Bitcoin (BTC) price action retesting the short-term holder (STH) realized price.
Bitcoin STH activity is a key point of reference during bull markets, as the aggregate cost basis of this speculatory hodler cohort often forms long-term price support.
