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  1. coinfeeds-bot on

    tldr; Bitcoin recently closed below the realized price of short-term holders (STH), a critical on-chain level indicating the average cost basis of these investors. This level has historically acted as support or resistance, influencing market trends. The failure to reclaim this level could be detrimental for Bitcoin’s value. Currently, Bitcoin has managed to climb back above this level, trading above $59,300, showing a positive sign, though it’s uncertain if this recovery will sustain.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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