This group mainly consisted of those who purchased BTC before and after the approval of the U.S. spot Bitcoin ETF in January.
The realized price of Bitcoin short-term holders (STHs) is increasing, indicating that BTC’s uptrend “will continue” as the price broke above $70,000 on June 10.
When the price of Bitcoin (BTC) rose from around $68,000 to $70,232 over the last seven days, the realized price of short-term holders—the average acquisition price for coins moved within the last 155 days and held outside exchange reserves—rose by 1.5% over the same time frame, according to James Van Straten, a lead analyst at Cryptoslate.
This group mainly consisted of those who purchased BTC before and after the approval of the U.S. spot Bitcoin ETF in January, just before it breached its previous all-time high of $69,000 in March.
