The on-chain analytics firm Glassnode has revealed Bitcoin has recently been trading within a short-term band that has its upper level currently located at $117,000.
Bitcoin Is Trading Between These Two Short-Term Holder Price Bands
In a new post on X, Glassnode has discussed about the short-term price band that Bitcoin has been trading inside lately. The band in question is based on two levels relevant to the short-term holders (STHs), investors who purchased their coins within the past 155 days.
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The indicator related to the STHs that’s of interest here is the Realized Price, which keeps track of the average cost basis or acquisition level of the BTC addresses belonging to the group.
When the value of this metric is greater than the asset’s
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