What you absolutely must know, like a government clerk avoiding his paperwork:
- There is a short-term holder realized price—oh, fancy finance words!—at a ghastly $98,200, lurking in the charts like a nosy neighbor, signaling whether the party is bullish or the mood has soured.
- Despite a weekend as stressful as a minor government official’s tea break—thanks to certain nations arguing louder than Gogol’s drunkards—bitcoin tripped, sulked, then heroically leaped above $101,000! (Applause? Anyone?)
Imagine, if you can, a number—$98,200—looming over the heads of bitcoin traders like an unsightly hat, calculated for coins moved in the last 155 days and not just collecting dust in forbidden coffers. Those Glassnode magicians tell us this number distinguishes between holders: those who clutch their coins with the desperation of an auditor hiding his last piece of cake, and those who toss them about with reckless abandon.
When each coin last scurried across the blockchain, its price was noted down, like a clerk jotting complaints from his superiors. Foolish short-term holders—fickle as a Petersburg breeze—tend to spend first and regret later. Their feverish activity is an omen, and if you believe the data sorcerers, these are the canaries in the crypto coal mine.
Over the weekend, with traditional markets snoozing (some might say wisely), the world’s conflicts erupted with all the subtlety of a Russian epic. Israel and Iran hollered, the U.S. muttered dire warnings, and so investors, terrified, sold their bitcoins as if clearing a bribe from their desk before the inspector arrives. Not desire—just frantic necessity!
History, dear reader, is a cruel schoolmaster. When bitcoin trades above this mystical STH RP, the mood turns bullish—celebrate with pickled fish! If it huddles beneath, prepare for gloom and desk-bound despondency.
To illustrate, picture the dreariness in the summer to autumn of 2024, when bitcoin slumped below the $62,000 mark, like Akaky Akakievich under his tattered cloak. This spectacle repeated in the spring of 2025, with the price skulking under $92,000, scaring traders into their ledgers.
Yet now, as if in a twist by some mischievous narrator, bitcoin rebounded with bureaucratic stubbornness, regaining $100,000 and now meandering near $101,000. Will this poorly titled digital ruble cling above $98,200, or will it, like so many dreams, slip through trembling fingers? Tune in, and perhaps bring a handkerchief—or smelling salts. 💼🪙💸
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2025-06-23 14:36