Bitcoin Price Briefly Reaches Short-Term Holder Cost Basis

According to Odaily, analysis from Glassnode indicates that the price of Bitcoin recently rose to the short-term holder cost basis, approximately $92,700. However, it is currently trading slightly below this level. The Short-Term Holder Market Value to Realized Value (STH MVRV) ratio stands at 0.99, suggesting that short-term holders remain in a vulnerable position, hovering near the breakeven point.