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By James Van Straten, AI Boost|Edited by Parikshit Mishra
Aug 20, 2025, 11:52 a.m.
- Bitcoin has corrected 10% from its peak, with support forming near $108,600 at the short-term holder realized price (STH RP).
- Both the realized price and STH RP have climbed over 1% in the past week, signaling sustained investor demand.
Bitcoin
isdown 10% from its all time high of just over $124,000, with the next level of support forming around $108,600, which is the short-term holder realized price(STH RP).
The STH RP, which reflects the average acquisition price of coins moved within the past 155 days, is a key metric for gauging near-term investor positioning.
STORY CONTINUES BELOW
Bitcoin has historically treated the STH RP level as support during bull markets, often retesting it during corrections of 20% to 30% before resuming upward momentum.
Since February, BTC has consistently held above this level, with the most recent test in April marking the cycle low at $76,000, a move that coincided with market stress following the announcement of President Trump’s new tariffs.
Realized Price (RP) itself, which reflects the average acquisition price across the entire coin supply, has also continued trending upwards. This increase, alongside the rise in STH RP, signals that investors are actively accumulating coins at progressively higher prices, reinforcing structural support for the market.
In fact, over the past seven days, both the RP and STH RP have risen by more than 1%, underscoring continued inflows and conviction among buyers.
These dynamics reflect an important backdrop for the current correction: while short-term volatility has pressured price action, the rising cost basis of investors suggests that new capital continues to enter the market at elevated levels, absorbing selling pressure and maintaining bitcoin’s longer-term bullish structure.
Read more: Bitcoin, Stocks Hit by $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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By Will Canny, AI Boost|Edited by Stephen Alpher
14 minutes ago
Over the next ten years, trillions of dollars will move from baby boomers to younger heirs, who are more inclined toward digital assets, the report said.
What to know:
- $10.6 trillion in U.S. assets is expected to shift from baby boomers to younger heirs by 2030, with trillions more in Europe and Asia, creating a historic opening for bitcoin adoption, the report said.
- The bank analysts noted that $160–$225 billion could flow into bitcoin over the next 20 years, adding $20–$28 million in daily buying pressure.
