Bitcoin Hits STH Cost Milestone

Bitcoin Price Fluctuates Amid Short-Term Holder Pressure

• Bitcoin price fluctuates between $80,000 and $85,000.
• The price is currently 6% below the short-term holders’ average cost basis of $90,950.
• Short-term investors have purchased over 35,000 BTC in the last four days.
• The current Bitcoin price is just below $86,000, a rise of over 2% in the past 24 hours.

As Bitcoin remains below the short-term holders’ average cost basis of $90,950, it faces potential selling pressure. However, recent activity shows short-term investors acquiring more than 35,000 BTC.