Bitcoin has remained in the $106,000 to $118,000 range over the last day. Following another week that was volatile, the price of Bitcoin has dropped by 3.41 percent. In particular, Bitcoin has shown a bullish trend in its movement during this correction phase.
Bitcoin Short-Term holders are underwater, but the historical data shows bullish signs
It is a good idea to get in touch with someone who can help you. X post Ali Martinez is a well-known market analyst who shared with us an interesting development that occurred on the chain on Sunday, October 18. Amid the recent price decline, Martinez notes that Bitcoin slipped below its short-term holders’ (STH) realized price, creating an ideal situation for a market accumulation based on historical data.
The STH price is the average price that short-term holders of BTC have paid for their coins. This includes wallets which hold BTC less than 155 day. When market prices drop below this mark, they usually indicate that local investors are in trouble, and the short-term market is fearful.
Martinez shared Glassnode’s data, which showed that Bitcoin had fallen below the STH-realized price during its most recent price correction on 14 October. Although such events usually lead to temporary sales pressure, data from the past shows they can also be a sign for buyers.
The price drop below STH’s realized price seems to coincide with the strong market rebound. Note that the chart below shows four instances in the past (May 20,23, November 20,23, August 2020, and May 2025) where Bitcoin’s fall below the STH real price was immediately followed by significant recoveries.
Martinez says that a price drop is a great opportunity to accumulate and fuel future price increases. It is interesting to note that the Bitcoin market as a whole remains dominated by investors who have been holding their Bitcoins for a long time. They may be using this dip in price to increase their positions, maintaining the current bullish structure.
Bull Market Still On
Another interesting development is that a market analyst by the name of Titan has been arrested. recently stated The Bitcoin bull market is still active despite the recent price drop. Titan of Crypto’s positive market insights are based on the Fibonacci 38.2% retracement, which is a key level for determining the price direction during the current cycle.
According to the analyst, as long Bitcoin’s candle weekly remains above that level, then bullish market activity will remain active. Bitcoin’s value at the time of press is $106,800. This represents a slight 0.40% drop in price over the last day. The daily volume of trading is also down 61%, valued at $39 billion.
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Source: www.newsbtc.com
