Bitcoin Price Remains Steady Above STH Realized Price as Selling Pressure Eases

Bitcoin is currently trading within the $66,000 range after a corrective phase marked the previous trading week. The leading cryptocurrency finds itself in a bear market that has persisted since October 2025, resulting in a notable 52% drop from its all-time high. Nonetheless, recent on-chain data indicates some promising trends that could support a potential price recovery.

Key Takeaways

Current Status: Bitcoin is trading at $66,748, following a 1.04% increase over the past 24 hours.
Market Dynamics: The short-term holder (STH) realized price remains stable, reflecting decreased selling pressure.
Profit Realization: The 7-day Spent Output Profit Ratio (SOPR) stands at around 1, indicating limited selling activity among investors.
Exchange Activity: A consistent outflow from exchanges suggests accumulation by long-term holders.
Risks Ahead: Analysts caution that if Bitcoin fails to uphold its support levels, it may face short-term dips in price or shifts in market sentiment.

Bitcoin

Market Structure and Selling Pressure Analysis

According to the latest QuickTake update from CryptoZeno, Bitcoin maintains a healthy market structure despite significant volatility affecting the market. Key indicators, such as the short-term holder (STH) realized price, show that Bitcoin is holding above this essential psychological threshold. This is a positive sign, as it implies that many investors in this group are still profitable, despite recent downturns.

This situation points to reduced immediate selling pressure, easing concerns about a long-term correction. The current 7-day Spent Output Profit Ratio (SOPR) value, hovering around 1, reinforces this observation. An SOPR of 1 indicates that coins are being sold at a profit; however, sustained levels above 1 during periods of consolidation usually signify moderate profit-taking instead of a frenzy of distribution.

bitcoin Source: CryptoQuant

Furthermore, the 30-day exchange net flow data reveals a steady outflow over the past week. Typically, regular withdrawls from exchanges indicate accumulation, particularly among long-term investors. CryptoZeno notes that the current outflow resembles patterns seen during the early to mid-bullish phases of the market.

After hitting a local low of $60,000 in early February, Bitcoin experienced an upward consolidation, reaching as high as $76,000 and retracing back to about $65,000. The macro perspective derived from the aforementioned metrics suggests that the market has solid support, healthy profit realization, and reduced supply, which indicates that Bitcoin is stabilizing during this consolidation phase.

However, analysts at CryptoZeno alert that the recent slowdown in price momentum, coupled with a declining STH realized price, places Bitcoin in a vulnerable position. Should it fail to maintain its support level, there may be a rise in selling activity, leading to potential short-term price dips or shifts in market sentiment.

Current Bitcoin Price Analysis

As of now, Bitcoin is priced at $66,748, reflecting a modest increase of 1.04% over the last 24 hours. Nevertheless, the daily trading volume has dropped by 53.48%, signaling a decrease in market engagement and a lack of strong conviction supporting this recent price movement.

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