The $88,000 Short-Term Holder (STH) cost-basis remains a crucial level for assessing Bitcoin’s price direction. According to the Unspent Realized Price Distribution (URPD) metric, there’s a noticeable lack of volume below this level. If Bitcoin falls below the $88,000 cost-basis, it could signal a decisive move to the downside, triggering further price weakness. Futures Market Reflects Bearish Sentiment Bitcoin’s Futures Open Interest (OI) reveals a decline in speculative activity. The 30-day Simple Moving Average (SMA) reached its peak and is now slightly declining, while the 7-day SMA has dropped below it. This shift suggests that traders have been closing positions,
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