đ„The current market has many similarities to January 2020.
But there are two differences to note: Through monitoring, we see that the market demand is higher and the price is 25% higher than the STH RP (Short-Term Holder Realized Price) index. STH RP is the average price at which short-term holders of #Bitcoin bought. Currently, if the cycle is correct, the price should be at 75% of STH RP, equivalent to about $47,200, while the recent low is only $49,000.
This shows that the market is quite strong, as the price has not yet reached the important support level of $47,200. The 25% difference to STH RP also implies that the current market is âhealthierâ than at the beginning of 2020.
