Bitcoin Price Holds Strong Above Short-Term Holder Cost Range, Signaling Robust Support Amid Low Trading Volume

Key Points

1. Bitcoin's price is currently above the short-term holder cost range ($110,000-$117,000), suggesting most recent buyers are not selling at a loss.

2. Low trading volume indicates limited selling pressure, contributing to price stability.

3. Short-term holders (investors holding Bitcoin for 24 hours to 3 months) play a significant role in market momentum.

4. Glassnode data highlights Bitcoin's price stability above the short-term holder cost range as a sign of market strength.

5. A drop below $115,000 could trigger $1.59 billion in long order liquidations on major centralized exchanges (CEXs).