The short -lived proprietor realized price (sth rp) for bitcoin
Currently sitting at $ 98,200, which represents the average acquisition price of the Bitcoin BTC chain, which is held outside Exchange Reserves and moved within the last 155 days.
This metric, derived using heuristics on chain, helps distinguish between short and long-term holders and provides insight into the market mood, according to Glassnode data.
Realized price refers to the average acquisition price of the entire circulating bitcoin supply, based on last time each coin moved on-chain. SHH RP narrows this down to recently active coins, which are statistically more likely to be used. These are often the most sensitive to market volatility.
Over the weekend, Bitcoin dipped in the midst of geopolitical tensions, driven by escalating conflict between Israel and Iran and growing fears of escalation between the United States and Iran. As traditional markets were closed, investors responded by selling liquid assets like Bitcoin not necessarily out of desire but necessity.
Historically, when Bitcoin acts over sth rp, it typically signals a bullish trend. Conversely, trade during sth rp is often associated with bearish or consolidation phases.
For example, from June to October, 2024, in front of the US presidential election, Bitcoin remained under sth rp, which was about $ 62,000 at the time. Similarly, prices fell again in February to April 2025 under this threshold, which was about $ 92,000.
Bitcoin has rebounded strongly and climbed back over $ 100,000 and now trades about $ 101,000. In order for Bullish Momentum to continue, it will be crucial for BTC to remain over $ 98,200 sth RP level.
