Since the past week, the Bitcoin price has traded below the cost basis of one 
of its most reactive investor groups. Based on recent on-chain information, 
the world’s largest cryptocurrency might face further trouble if its price 
fails to reclaim this crucial level. Related Reading: Bitcoin Upper Trendline 
Resistance Is Holding Price Back, Can It Push It Below $60,000? Analyst 
Answers Bitcoin&#8217;s Drop Under $80,000 Drives Realized Losses Upwards In an X 
post on May 22, Axel Adler Jr. analyzes Bitcoin&#8217;s struggle to reclaim its 
Short-Term Holder (STH) Realized Price. The crypto analyst identifies this 
level at around $80,000 (specifically $80,217). For context, the STH Realized 
Price tracks the average acquisition price of newer BTC investors. When 
Bitcoin trades below this threshold, it often means that many of its short- 
term holders are holding unrealized losses, thereby increasing selling 
pressure. Notably, Axel Adler Jr. points out that these realized losses have 
risen across the Bitcoin market. The pundit reports that the Net realized 
profit is now roughly –$176 million, arising from the difference between $366 
million in realized losses and $190 million in realized profits among Bitcoin 
short-term traders. Adler notes that as long as Bitcoin remains below the STH 
cost basis, future market rebounds would be mere unconfirmed or temporary 
retracements. Simply put, these temporary price recoveries below the $80,217 
threshold might be relief rallies rather than actual signs of a broader trend 
reversal. Hence, before market participants can judge Bitcoin to be displaying 
bullish intent, the price has to break clearly above the former STH support 
that might now resist the expansion of Bitcoin’s price. This is because, as 
the price approaches the STH breakeven (realized) price, investors become more 
likely to exit their positions, thereby adding bearish pressure. Related 
Reading: Ethereum Price Eyes Breakout Move, Traders Watch Key Resistance 
Closely Coinbase Records Highest Selling Pressure Since February In another X 
post, Maartunn reveals that Coinbase is seeing one of the strongest waves of 
bearish pressure since February. The relevant indicator here is the Coinbase 
Premium Gap, which primarily tracks buying and selling activity among US-based 
investors. According to the chart shared by Maartunn, the Coinbase Premium Gap 
has dropped deeply into negative territory, coinciding with Bitcoin’s latest 
price weakness. When the premium turns positive, it generally signals stronger 
buying activity on Coinbase. However, a negative reading typically reflects 
increased selling pressure or weakening demand from US investors. 
Interestingly, strong negative Coinbase premium readings, such as those 
currently seen, have often appeared during corrective phases or periods of 
short-term fear. However, these can also precede the establishment of local 
bottoms if selling exhaustion begins to emerge. As of this writing, Bitcoin 
stands at a $75,514 valuation, down 2.56% since the past day. Featured image 
from Forbes, chart from Tradingview.com

Since the past week, the Bitcoin price has traded below the cost basis of one of its most reactive investor groups. Based on recent on-chain information, the world’s largest cryptocurrency might face further trouble if its price fails to reclaim this crucial level. Related Reading: Bitcoin Upper Trendline Resistance Is Holding Price Back, Can It &#8230;

Bitcoin Struggles To Reclaim Key Cost Basis As Realized Losses Climb — Details

Bitcoin trades 24 hours a day, 365 days a year, and stablecoins can cross 
borders in seconds on a Sunday morning. And yet, if a major UK institution 
needed to move collateral, settle a high-value payment, or shift liquidity 
between clearing houses over the weekend, much of that activity had to queue 
up and wait. […]
The post Bank of England’s 24/7 settlement plan shows where tokenized finance 
can enter core markets appeared first on CryptoSlate.

Bitcoin trades 24 hours a day, 365 days a year, and stablecoins can cross borders in seconds on a Sunday morning. And yet, if a major UK institution needed to move collateral, settle a high-value payment, or shift liquidity between clearing houses over the weekend, much of that activity had to queue up and wait. &#8230;

Bank of England’s 24/7 settlement plan shows where tokenized finance can enter core markets

Iran&#8217;s focus on peace talks over nuclear negotiations may alter regional power 
dynamics and impact future diplomatic engagements.
The post Iran shifts focus to peace talks, deprioritizes nuclear negotiations 
appeared first on Crypto Briefing.

Iran&#8217;s focus on peace talks over nuclear negotiations may alter regional power dynamics and impact future diplomatic engagements. The post Iran shifts focus to peace talks, deprioritizes nuclear negotiations appeared first on Crypto Briefing.

Iran shifts focus to peace talks, deprioritizes nuclear negotiations

Eric Trump&#8217;s advisory role at Metaplanet signals a strategic shift in 
corporate Bitcoin investment, potentially influencing global crypto markets.
The post Eric Trump joins Metaplanet&#8217;s advisory board to boost Bitcoin 
strategy appeared first on Crypto Briefing.

Eric Trump&#8217;s advisory role at Metaplanet signals a strategic shift in corporate Bitcoin investment, potentially influencing global crypto markets. The post Eric Trump joins Metaplanet&#8217;s advisory board to boost Bitcoin strategy appeared first on Crypto Briefing.

Eric Trump joins Metaplanet’s advisory board to boost Bitcoin strategy

The potential US-Iran agreement could reshape Middle Eastern geopolitics, 
impacting global markets and crypto valuations significantly.
The post Iran foreign ministry focuses on finalizing MOU with US as Bitcoin 
climbs past $82K appeared first on Crypto Briefing.

The potential US-Iran agreement could reshape Middle Eastern geopolitics, impacting global markets and crypto valuations significantly. The post Iran foreign ministry focuses on finalizing MOU with US as Bitcoin climbs past $82K appeared first on Crypto Briefing.

Iran foreign ministry focuses on finalizing MOU with US as Bitcoin climbs past $82K

Ethereum&#8217;s low transaction fees boost network accessibility but challenge its 
deflationary model, impacting long-term investor expectations.
The post Ethereum transaction fees hit all-time lows as activity surges 
appeared first on Crypto Briefing.

Ethereum&#8217;s low transaction fees boost network accessibility but challenge its deflationary model, impacting long-term investor expectations. The post Ethereum transaction fees hit all-time lows as activity surges appeared first on Crypto Briefing.

Bitcoin Struggles To Reclaim Key Cost Basis As Realized Losses Climb — Details

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