<ul data-eligibleForWebStory="false"><li>Glassnode has identified that Bitcoin is currently trading within a short-term band with an upper limit of $117,000.</li><li>The short-term price band is based on two levels relevant to short-term holders (STHs) who purchased Bitcoin within the past 155 days.</li><li>The Realized Price indicator tracks the average cost basis of BTC addresses belonging to STHs, indicating whether they are in a state of net unrealized profit or loss.</li><li>Bitcoin is currently trading above the Realized Price metric, with the upper bound of the short-term price action at around $117,000.</li></ul>

Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says

Discover more