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Bitcoin: Can this cohort help push things along?

Press Releases Crypto News AMB-Crypto Bitcoin: Can this cohort help push things along?

The Realized Price of short-term holders turned positive.
A consolidation pattern emerged for addresses with less than 1 Bitcoin.

Bitcoin’s [BTC] recent decline below the $40,000 mark sent shockwaves across the cryptocurrency sector. However, short-term holders stood to gain.

Short-term holders and long-term effects

Bitcoin’s value, which remained below $40k from the 23rd to the 26th of January, aligned with the Realized Price of short-term holders.

This level has historically served as a supportive floor during previous upward market trends.

Inasmuch, at press time, both the Realized Price of short-term holders and the overall Realized Price were on an upward trajectory. This indicated a bullish sentiment, as coins were being acquired at higher prices.

When AMBCrypto compared the current situation to the 2021 bull run, we found that the bull run could gain more strength once the STH Realized Price hits $38,300 and the overall Realized Price reaches $60,000.

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Author: Himalay Patel

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