Bitcoin Price Holds Above STH Realized Price As Selling Pressure Thins Out – Details

Bitcoins

bitcoins Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin continues to move within the $66,000 range following the corrective wave that dominated the last trading week. The leading cryptocurrency remains in a bear market that began in October 2025, and has resulted in a 52% decline from the cycle’s all-time high so far. However, recent on-chain data is reflecting some positive developments that support a budding price recovery.

Bitcoin STH Realized Price Safe With No Market Overheating

In their latest QuickTake post, the analytics page CryptoZeno shares that Bitcoin retains a constructive market structure even as intense volatility levels rock the market. This claim is backed by multiple data points, starting with the short-term holder (STH) realized price. For context, Bitcoin’s price continues to hold above this key psychological level, suggesting that many investors in this cohort remain profitable despite the recent price loss.

Importantly, this observation suggests there is a decreased immediate selling pressure to support a long-term correction. Interestingly, the 7-day Spent Output Profit Ratio (SOPR) is presently valued around 1, presenting another observation that suggests investors are less willing to offload their holdings. While an SOPR of 1 indicates coins are being sold at a profit, a sustained SOPR above 1 during marked consolidations is associated with moderate profit-taking rather than a distribution spree. 

bitcoins bitcoin
Source: CryptoQuant

The 30-day exchange netflow represents the final data point, which has recorded a steady outflow in the past week. Generally, consistent withdrawal from exchanges aligns with accumulation activity, particularly by long-term investors. In particular, CryptoZeno likens the outflow levels to those experienced during early-to-mid bullish phases.

Notably, after touching the local low of $60,000 in early February, Bitcoin has witnessed an upward consolidation move, touching as high as $76,000 while also constantly retracing to lows around $65,000. The macro perspective provided by the three metrics mentioned above paints a market with an intact structural support, healthy profit-realization, and a reduced market supply, which collectively suggest the premier cryptocurrency in this consolidation.

However, CryptoZeno analysts also warn that the recent loss in price momentum, combined with a falling  STH realized price, still puts Bitcoin in a precarious position. Any failure to maintain this support level could trigger selling and cause a short-term dip or sentiment shift.

Bitcoin Price Overview

At press time, Bitcoin is valued at $66,748 after a slight 1.04% gain in the last 24 hours. However, daily trading volume has plunged by 53.48%, suggesting weakening market participation and a lack of strong conviction behind the recent price move.

bitcoins Bitcoin
BTC trading at $66,661 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from iStock, chart from Tradingview

bitcoins Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Disclaimer: The information found on NewsBTC is for educational purposes
only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
investments and naturally investing carries risks. You are advised to conduct your own
research before making any investment decisions. Use information provided on this website
entirely at your own risk.

Semilore Faleti Read More

Latest

The Outer Worlds 2 studio Obsidian accused of “violating state wage and hour laws” for profit in California lawsuit

The company denied the allegations earlier this year Image credit: Microsoft Obsidian Entertainment, developers of The Outer Worlds 2 and Avowed, have been sued in California for allegedly engaging "in a systematic pattern of wage and hour violations". The case was initially filed in the Superior Court of Orange County by plaintiff Victoria Turner in

PlayStation CEO Responds to Reports They Are No Longer Releasing Single-Player Games on PC

by William D'Angelo , posted 2 days ago / 15,994 Views Sony Interactive Entertainment CEO Hideaki Nishino was asked about the recent reports that claim first-party narrative single-player PlayStation games would no longer release on PC and remains exclusive to PlayStation consoles, while live service titles would still come to PC to reach a wider

2026 World Cup: How Portugal can get the best from Cristiano Ronaldo – Ex-Super Eagles captain Oliseh

Soccer Cristiano Ronaldo of Portugal. Copyright: xBahhoxKarax Former Super Eagles...

Newsletter

Don't miss

The Outer Worlds 2 studio Obsidian accused of “violating state wage and hour laws” for profit in California lawsuit

The company denied the allegations earlier this year Image credit: Microsoft Obsidian Entertainment, developers of The Outer Worlds 2 and Avowed, have been sued in California for allegedly engaging "in a systematic pattern of wage and hour violations". The case was initially filed in the Superior Court of Orange County by plaintiff Victoria Turner in

PlayStation CEO Responds to Reports They Are No Longer Releasing Single-Player Games on PC

by William D'Angelo , posted 2 days ago / 15,994 Views Sony Interactive Entertainment CEO Hideaki Nishino was asked about the recent reports that claim first-party narrative single-player PlayStation games would no longer release on PC and remains exclusive to PlayStation consoles, while live service titles would still come to PC to reach a wider

2026 World Cup: How Portugal can get the best from Cristiano Ronaldo – Ex-Super Eagles captain Oliseh

Soccer Cristiano Ronaldo of Portugal. Copyright: xBahhoxKarax Former Super Eagles...

2026 World Cup: Ex-Nigeria striker warns ‘tactically dull’ South Africa ahead of must-win Korea clash

Soccer South Africa head coach Hugo Broos. Copyright: Imago Former...

Business delegation visits Kazakhstan to strengthen economic and trade cooperation

Astana, Kazakhstan, Jun 2, 2026 - (ACN Newswire) - A business delegation led by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, and organised by the Hong Kong Trade Development Council (HKTDC), began its visit to Astana, the capital of Kazakhstan, on 1 June. During the visit, a total of 43

13 Real Business Trip Stories That Prove Work Travel Collects More Stories Than Miles

Real business trips almost never go the way the itinerary promised. They start with a confidently-packed suitcase and an eight-page agenda, and somewhere between the airport gate and the hotel breakfast they quietly turn into something nobody could have invented — equal parts comedy, chaos, and unscheduled adventure. These 13 real business trip moments are exactly that kind of work-trip plot

Your business texts could look like scam messages from July 1 if you don’t act now

From July 1, any branded SMS your business sends without a registered sender ID will be labelled “Unverified” and grouped with scam messages.  What’s happening: From 1 July 2026, any business or organisation that sends SMS using a branded name, such as “MyShop” or “AcmeServices”, instead of a phone number, must have that sender ID