📌Short-Term Holder: Let’s look at the actual Realized Price of STH, reflecting the proportion of Realized Cap. This includes cohorts from 0d to 6m, accounting for 52.26% of Realized Cap.
📃 The 0d~1w cohort accounts for 10.6% and was excluded from the data as there is no significant difference from the spot price. The dominance of 1w~6m is 41.63%. (L: Realized Price / R: Realized Cap Dominance)
🟥1w~1m
$68.07k / 20.19%
🟧1m~3m
$50.3k / 13.94%
🟨3m~6m
$37.96k / 7.50%
☑️The weighted average value reflecting their proportion is $57.05k.
$57.05k is about 9k different from the current price ($66.0k), which is a significant gap compared to just before the October rally.
🎯Key Point
1) The market share of the 0d~6m cohort is over 52%. The market is moving actively.
2) The 1w-1m cohort has continued to increase since October and has grown explosively since March. However, since the 3m-6m cohort did not increase significantly, the current demand is interpreted as short-term speculative demand of less than 3 months.
3) Therefore, the 1w~3m cohort will react sensitively to price changes. Realized price for only two cohorts is 60.7k.
4) $60.7k and 57.05k will act as support zones and the support wall at $57k will be more solid.
Written by Yonsei_dent