Bitcoin's Price Under Pressure: A Key Metric Signals Potential Further Correction Bitcoin's market performance is once again raising eyebrows as the cryptocurrency's price has closed below the Short-Term Holder (STH) Realized Price for the second time in 2025. This critical on-chain development, highlighted by crypto analysts, suggests that the premier digital asset might be poised for further significant price adjustments.
A Crucial On-Chain Indicator Breached
On Friday, August 29, Bitcoin's price registered a close below the STH Realized Price, a key metric currently hovering around $108,928. Crypto analyst Burak Kesmeci first pointed out this crucial shift on August 30, emphasizing the potential for continued corrective action. The STH Realized Price acts as an average cost basis for short-term investors—those who have held their coins for 155 days or less. These investors are typically more sensitive to market volatility, making this indicator a significant barometer for price stability.
Echoes of Past Corrections: What's Next for BTC?
Historically, Bitcoin's price tends to trade above the STH Realized Price during bullish market phases and dips below it in bear markets, establishing it as a dynamic resistance and support level. The previous instance where Bitcoin closed below this threshold occurred in February, preceding an almost 20% correction that saw the price fall from approximately $92,000 to $76,000 by the end of April. If this pattern repeats, the current pullback could intensify, potentially leading to a decline that would bring Bitcoin's value down to approximately $86,000. While Bitcoin has shown a slight 0.4% increase in the past 24 hours, its price of around $108,675 still reflects a more than 5% decrease over the last seven days, underscoring the ongoing bearish pressure. As Kesmeci noted, Bitcoin's growth often resembles a "step-by-step ladder," and sustained closes below the STH realized price signal that "the correction may continue in an annoying way."
