June 23, 2025
Bitcoin Bounces After War-Driven Dip, $ 98.2k Emerges As Key Level to Maintenain Bullish Momentum thumbnail
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Bitcoin Bounces After War-Driven Dip, $ 98.2k Emerges As Key Level to Maintenain Bullish Momentum

Geopolitical Tensions Spark Weekend Volatility Butc Bounces Back Maintening Critical on -chain Support.”, – WRITE: www.coindesk.com

Bitcoin Bounces After War-Driven Dip, $ 98.2k Emerges As Key Level to Maintenain Bullish MomentumGeopolitical Tensions Spark Weekend Volatility Butc Bounces Back Maintening Critical on -chain Support. Jun 23, 2025, 9:53 AM

The Short-Term Holder Realized Price (sth rp) for bitcoin

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, Deriveed Using on-Cheain Heuristic, Helps DISTINGUISH BETWEEN SHORT AND Long-Term Holders and Provides Insight Into Market Sentiment, Accounting To Glassnode Data.

Realized Price Refers to the AVERAGE ACQUISION PRICE FOR The ENTIRE Circulating Bitcoin Supple, Based On the Last Time Each Coin MOVED ON-CHAIN. Sth rp narrows this down to the more recently Active Coins, whochh are status TheSe are of the following most Sensitive to Market Valativity.

Over The Weekend, Bitcoin Dipped Amid Geoplitical Tensions, Driven by escalating conflict Between israel and iran, and growing fears of escalation Between USA and IRAN. With Traditional Markets Closed, Investors Responded by Selling Liquid Assets Like Bitcoin Not Necessarily Out of Desire, But Necessity.

Historically, WHEN BITCOIN TRADES Above the sth rp, it typically signals a bullish Trend. Conversely, Trading Below The sth rp is offen Associated with Bearish or Consolidation Phases.

For Example, from June to October 2024, Ahead of the US Presidential Election, Bitcoin Remoned Below The Sth RP Wash Was AUND $ 62,000 at the Time. Similarly, in February to April 2025, prices again fell under this Threshald Whosh Was AROUND $ 92,000.

Bitcoin have rebounded strongly, climbing backs 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.

James van straten

James van straten is a senior Analyst at Coindesk, Specializing in Bitcoin and Its InterPlay with the Macroconomic Environment. Previously, James Worked As A Research Analyst at Saidler & Co., A Swiss Hedge Fund, WHERE HE DEVELPED Expertise in On-Chain Analytics. His work focuses on monitoring flows to Analyze Bitcoin’s Role with the Broader Financial System.

In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).

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James van straten

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