Bitcoin Bounces Off Short-Term Holder Realized Price Support at $107,500
Bitcoin found support near its short-term holder realized price (around $107,500) during the latest market dip, rebounding to about $109,200. The short-term holder realized price is an on-chain indicator measuring the average cost basis of investors who bought BTC within the past 155 days. Historically, short-term holders view a retest of this level as a dip-buying opportunity, boosting demand when price nears their break-even point. The recent bounce underlines continued bullish conviction among short-term holders, but the modest recovery leaves the immediate trend undecided. A clear breakdown below this support could trigger bearish momentum, as seen in February’s decline. Traders should watch whether Bitcoin can sustain above the $107,500 level to confirm a renewed bullish trend.
Neutral
The categorization as neutral reflects that although Bitcoin’s recent rebound from the short-term holder realized price indicates that STHs are defending their cost basis and maintaining bullish conviction, the bounce has been relatively modest. The price is holding above the $107,500 support level, but without a decisive breakout or further rally, market direction remains uncertain. Historically, a clear breakdown below this metric led to bearish momentum in February, while a sustained hold above it typically fosters bullish sentiment. Traders should monitor whether Bitcoin can stay above this key on-chain support to confirm any shift toward a bullish trend, making the current outlook neutral until more decisive price action emerges.