Short-Term Concerns for Bitcoin Holders
Bitcoin has recently slipped below its short-term realized price at $99,000. This has caused tensions among short-term investors. This zone represents the average acquisition cost for BTC purchased over the last 155 days. This group often drives short-term market dynamics.
When Bitcoin falls below this threshold, it usually coincides with periods of market weakness or reset. Indeed, the STH–MVRV (Short-Term Holder-Realized Value) ratio has dropped to nearly 1. This is a sign of a short-term profit margin decrease.
If this support zone does not hold, we may face a deeper correction. This could happen before the next wave of convinced buyers steps in.
Whale Support on Hold
The historical Bitcoin whales, those with significant market influence, seem to be on the sidelines. Transactions exceeding $100,000 have remained stable. This reflects a moderate activity similar to that of 2020. We are far from the peak recorded during the previous boom of 2021-2022.
Without their involvement, the recent Bitcoin decline risks being built on lower liquidity and weaker support. Their silence is telling and raises questions about the market’s future trends.
From a technical standpoint, Bitcoin’s RSI has dropped to 41.5, approaching the oversold zone, while the OBV (On Balance Volume) continued to decline, indicating weakening buying pressure despite a slight price recovery.
Ultimately, the price seems to be struggling to stay above the 50-day moving average, reinforcing the short-term bearish momentum. Unless volume significantly increases and RSI regains strength, the recent Bitcoin drop could turn into a more sustained correction.
