🚀 Bitcoin Blasts Past $62K! 🚀

Hold onto your hats, crypto enthusiasts! Bitcoin (BTC) just zoomed past $62,000, leaving short-term holders (STH) grinning from ear to ear. According to onchain data, BTC's rise above the STH realized price—a key metric for those holding coins for less than 155 days—signals more gains on the horizon.

- CryptoQuant analyst Avocado_onchain calls this level a "critical support and resistance."

- Popular analyst Ercan Sak says daily closings above this level keep the market positive.

- Coiner-Yadox adds, "Bull market resumes when BTC gets back above."

With BTC trading at $63,576, it's sitting pretty on strong support. IntoTheBlock's data shows aggressive buying around $62K, hinting at bullish momentum.

📈 Taker Buy Sell Ratio spikes to 1.052, showing strong buy-side pressure.

What do you think? Is Bitcoin gearing up for a moon mission? 🌕 Drop your thoughts in the comments!