Bitcoin’s Short-Term Holders: A Key Indicator of Potential Weakness

Bitcoin’s price action is being closely observed by short-term holders, who have been instrumental in revealing potential support and breakdown levels. An analysis of Bitcoin’s realized price reveals that these investors hold a significant influence on market movements. 7% below its all-time high at $111K, the current BTC price hovers near the $103.3K realized price for coins held between one week to one month. This proximity to the key level hints at tentative investor sentiment in this segment of short-term holders.