The crypto market is currently showing a negative trend, but there is hope from Bitcoin. On-chain analysis shows that the realized price of Bitcoin for short-term holders (3-6 months) is at $64K, while for long-term holders (6-12 months) it is at $55K.

Bitcoin has recently approached the realized price of $64K, testing this important resistance level. If it breaks through, it could signal stronger bullish momentum. However, if it fails, selling pressure from short-term holders could push the price back to $55K, indicating a bearish trend. Stay alert and monitor the market movements.