Bitcoin’s New All-Time High May Not Be a Long Shot

The aggregate cost for short-term holders (STHs) currently stands at $86,800, which is close to Bitcoin’s current price of $94,170. Historically, STHs have been quick to sell during price swings. However, with these investors sitting on 7.9% unrealized gains, they are more likely to hold on to their positions as market expectations are bullish.

This cautious optimism stems from growing confidence in Bitcoin’s macro outlook. STHs, buoyed by market sentiment, appear poised to hold on to their positions. With the cryptocurrency approaching critical resistance levels, the possibility of higher price targets is encouraging holders to avoid premature exits, reinforcing the bullish case for 2025#BtcNewHolder $BTC