{"id":6115,"date":"2025-01-04T20:32:16","date_gmt":"2025-01-04T20:32:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6115"},"modified":"2025-01-04T20:32:16","modified_gmt":"2025-01-04T20:32:16","slug":"bitcoin-sth-demand-on-the-rise-key-price-levels-to-watch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6115","title":{"rendered":"Bitcoin STH Demand On The Rise \u2013 Key Price Levels To Watch"},"content":{"rendered":"
\n

Following a mild price rebound in the past week, Bitcoin (BTC) has surged above 98,000 with the market bulls aiming for a return to the $100,000 price zone. Interestingly, a report from CryptoQuant<\/a> analyst Darkfost has revealed an increase in short-term holders\u2019 demand that has coincided with this recent price rally.\n<\/p>\n

Bitcoin STH Appetite Mops Up LTH Selling Pressure<\/strong><\/h2>\n

In a QuickTake post<\/a> on Friday, Darkfost reports that Bitcoin long-term holders are on a selling spree which has been matched by heightened demand from short-term holders.\u00a0Based on market conditions, Darkfost explains that ongoing asset transfer historically occurs only after a local market top or bull cycle peak indicating a potential concern over Bitcoin following the price recorrection in December.\u00a0<\/p>\n

In analyzing the asset\u2019s next move based on short-term holders\u2019 activity which is currently driving market demand, Darkfost has pinpointed $85,000, which is the STH realized price, as a critical price region.\u00a0<\/p>\n

For context, the STH realized price represents the average acquisition price of all BTC held by short-term holders. It often translates into a physiological zone capable of acting as a support or resistance zone.\u00a0<\/p>\n

With Bitcoin still in the uptrend, $85,000 should be regarded as a vital support level that can sustain the bull market in the case of a retest. Based on data on longer STH acquisition periods ranging from 1 week to 6 months, other significant support levels include $81,000 and $60,000.<\/p>\n

However, amidst BTC\u2019s recent recovery, a major resistance awaits at $99,000 which represents the realized price for STH that emerged in 1 week -1 month. This is because as Bitcoin approaches $99,000, these newer entrants are likely to sell in order to recover their initial investments which may prevent further growth.\n<\/p>\n

SOPR Shows No Profit For Short-Term Holders\u00a0<\/strong><\/h2>\n

In other developments, Darkfost also notes that the short-term holders\u2019 spent output profit ratio (SOPR) is currently neutral with a value of 1 after Bitcoin\u2019s retracement from $108,000 in December.\u00a0<\/p>\n

This suggests that short-term holders are not selling in profit and are likely to ease up their selling pressure. With the LTH sell-off also being countered by rising demand from these STHs, market liquidity is likely to reduce which can potentially prevent a full bullish market recovery.\u00a0<\/p>\n

Therefore, Darkfost predicts BTC to remain in consolidation with the possibility of further price correction.<\/p>\n

At the time of writing, Bitcoin trades at $98,030 following a gain of 1.27% in the past 24 hours. Meanwhile, the asset\u2019s trading volume is down 15.47% and valued at $36.26 billion.<\/p>\n

\"Bitcoin\"<\/p>\n

Featured image from CNN, chart from Tradingview<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Following a mild price rebound in the past week, Bitcoin (BTC) has surged above 98,000 with the market bulls aiming for a return to the $100,000 price zone. Interestingly, a report from CryptoQuant analyst Darkfost has revealed an increase in short-term holders\u2019 demand that has coincided with this recent price rally. Bitcoin STH Appetite Mops […]<\/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-6115","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\/6115","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=6115"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6115\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}