Bitcoin's Short-Term Holders Confident in Rally as Realized Price Hits $64,000

Bitcoin's short-term holders are optimistic about the uptrend, as evidenced by the increasing realized price, now hovering near $64,000. This upward trend supports the bullish outlook, with strong support around this level. Despite facing resistance in recovery, buying pressure remains high among investors who purchased pre- and post-Bitcoin ETF approval in January. The Taker Buy Sell Ratio on HTX exchange indicates strong buy-side pressure, further fueling the positive sentiment. Network activity has also surged, further reinforcing the bullish outlook for Bitcoin's price. Overall, short-term holders remain confident in the continuation of the bull run.