{"id":33152,"date":"2025-06-23T10:46:48","date_gmt":"2025-06-23T10:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33152"},"modified":"2025-06-23T10:46:48","modified_gmt":"2025-06-23T10:46:48","slug":"bitcoin-bounces-after-war-driven-dip-98-2k-emerges-as-key-level-to-maintain-bullish-momentum","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33152","title":{"rendered":"Bitcoin Bounces After War-Driven Dip, $98.2K Emerges as Key Level to Maintain Bullish Momentum"},"content":{"rendered":"<div>\n<p>The short-term holder realized price (STH RP) for bitcoin BTC currently sits at $98,200, representing the average on-chain acquisition price for bitcoin {BTC} held outside of exchange reserves and moved within the last 155 days. <\/p>\n<p>This metric, derived using on-chain heuristics, helps distinguish between short and long-term holders and provides insight into market sentiment, according to Glassnode data. <\/p>\n<p>Realized price refers to the average acquisition price for the entire circulating bitcoin supply, based on the last time each coin moved on-chain. STH RP narrows this down to more recently active coins, which are statistically more likely to be spent. These are often the most sensitive to market volatility.<\/p>\n<p>Over the weekend, bitcoin dipped amid geopolitical tensions, driven by escalating conflict between Israel and Iran, and <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/23\/bitcoin-holds-key-support-oil-disappoints-doomers-as-brent-and-wti-erase-early-price-gains\">growing fears of escalation<\/a> between U.S. and Iran. With traditional markets closed, investors responded by selling liquid assets like bitcoin not necessarily out of desire, but necessity.<\/p>\n<p>Historically, when bitcoin trades above the STH RP, it typically signals a bullish trend. Conversely, trading below the STH RP is often associated with bearish or consolidation phases. <\/p>\n<p>For example, from June to October 2024, ahead of the U.S. presidential election, bitcoin remained below the STH RP which was around $62,000 at the time. Similarly, in February to April 2025, prices again fell under this threshold which was around $92,000. <\/p>\n<p>Bitcoin has rebounded strongly, climbing back above $100,000 and now trading around $101,000. For bullish momentum to continue, it will be crucial for BTC to remain above the $98,200 STH RP level.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The short-term holder realized price (STH RP) for bitcoin BTC currently sits at $98,200, representing the average on-chain acquisition price for bitcoin {BTC} held outside of exchange reserves and moved within the last 155 days. This metric, derived using on-chain heuristics, helps distinguish between short and long-term holders and provides insight into market sentiment, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33152","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33152"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33152\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}