According to the latest on-chain data, the Bitcoin price has closed beneath a crucial level for the second time in 2025. Here’s how the premier cryptocurrency reacted the last time this happened.
For context, short-term holders often refer to investors who have held their coins for 155 days or less. The realized price offers insights into the cost basis of these newer market entrants, who are more sensitive to price fluctuations and show more propensity to move due to sudden changes in prices.
The Bitcoin price recently closed beneath the STH Realized Price of around $108,928 on Friday, August 29. However, that wouldn’t be the first time the price of BTC would be closing below the short-term holders’ cost, as it also did earlier in the year.
In February, the market entered into an extended period of correction after the price of Bitcoin closed beneath the STH Realized Price. The flagship cryptocurrency fell almost 20% from around $92,000 to $76,000 between the end of February and the end of April.
Kesmeci said:
In this cycle, as Bitcoin rises not parabolically but like a step-by-step ladder; closings below the STH realized price signal to us that the correction may continue in an annoying way.
After being under intense bearish pressure going into the weekend, the price of BTC has somewhat stabilized over the past day. However, the Bitcoin price has struggled to return above the psychological $110,000 level.
As of this writing, the price of BTC stands at around $108,675, reflecting a 0.4% increase in the past 24 hours. According to data from CoinGecko, the market leader is down by more than 5% in the past seven days.
