After a period of bearish trend throughout last week, Bitcoin’s price is now slowly picking up its pace as it heads toward the pivotal $112,000 mark. During this negative action, short-term BTC investors appear to be the ones taking the impact of the crash the most, as the price drops below the STH’s Realized Price.

Realized Price Signals Pressure On New Bitcoin Investors

Bitcoin’s Realized Price metric is painting a clear picture of who’s bearing the brunt of the latest market downturn, and it’s the short-term holders. The sharp decline in the price of Bitcoin following a broader market crash has put short-term BTC holders on edge. 

On-chain data shows that these key investors, especially the ones who entered the market most recently, are feeling the pain in the market. As reported by Darkfost, a market expert and author at CryptoQuant, the investors are underwater due to the price falling below the short-term holders’ cost basis. 

After examining the Bitcoin Realized Price – UTXO Age Bands metric, the expert revealed that the cost basis from 1m–3m STHs is currently sitting around $114,700, which BTC is still trading below. What this means is that these investors, who acquired BTC at higher prices during the recent rally, are now facing losses.

However, for investors who entered more than 3 months ago, their cost basis is positioned closer to the $106,800, just like those acquiring the flagship asset right now. With BTC trading above the $11

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Author: Godspower Owie