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Bitcoin price resilience hinged on short-term holder cost basis, on-chain analysis shows

Blog post1 min readUpdated Feb 24, 2025View source ↗
Quick Take Bitcoin’s price dynamics are exhibiting a pattern of consistent reliance on the short-term holder cost basis as a support level, currently standing at $29.1k. For the third time this year, Bitcoin has gravitated towards this price level, indicating its significance in the market’s perception of Bitcoin’s value. The Short-Term Holder Realized Price, representing […]. The post Bitcoin price resilience hinged on short-term holder cost basis, on-chain analysis shows appeared first on CryptoSlate.
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