Bitcoin Short-Term Holders Brace for Volatility Amid Price Struggles
Short-term holders of Bitcoin (STH) play a crucial role in the cryptocurrency market, with nearly 50% of Bitcoin’s realized capitalization currently in their hands. Their behavior, as observed through on-chain analysis, has historically correlated with BTC price movements. Analysts suggest that if Bitcoin's ongoing correction leads to the area of the realized STH price, Bitcoin could reach the $55,000 mark, representing a 25% drop from its current all-time high. However, even such a deep correction would not disrupt the structure of the long-term bull market, unless it leads to a loss of support and deeper declines triggering a medium-term bear market.
