🤔Short-term holders (STH) often buy around the breakeven price, which typically forms early support.

🔹BTC Price: $110K.

🔹Realized price STH: $107K. Buying at this level suggests a continuation of the bullish trend. However, if BTC consistently trades below the realized price STH without recovering, it may signal potential issues. Note: the price may consolidate around this level for an extended period. So far in this bullish trend, the realized price STH has provided reliable support each time.