Bitcoin’s Dip Buys May Not Spark a Bull Run

Recent Bitcoin dips below the Short-Term Holder (STH) Realized Price, a key indicator of speculative demand, have sparked renewed buying activity. However, current buying patterns suggest this surge is more like routine dip-buying than a robust accumulation phase that would fuel a price rally. 5-10% discounts below the STH Realized Price typically ignite strong buying from speculators, leading to sustained market growth. 12% current buying represents nibbling, not aggressive purchases. This lack of deeper accumulation may hinder further price increases and leave Bitcoin in a consolidation zone until more significant buying signals emerge.