Bitcoin has bounced back above the $100,000 mark, marking a newfound bullish momentum in 2025. After weeks of struggling, Bitcoin's price now sits at $102,368, bringing optimism to both retail and institutional investors. This surge is being monitored closely to determine if it signals a sustained bull run or if a market correction is on the horizon.
CryptoQuant analyst Yonsei Dent emphasizes the importance of the Realized Price of Short-Term Holders (STH), which acts as a breakeven point and indicator of market sentiment. Dent suggests that the interaction between two critical bands – 1-week to 1-month and 1-month to 3-month – will determine if Bitcoin will consolidate or enter a corrective phase.
Another CryptoQuant analyst, Joohyun Ryu, highlights key market indicators, such as MVRV, aSOPR, and NUPL, that suggest Bitcoin might rebound despite recent cooling. These metrics provide context on market sentiment, with the MVRV ratio indicating moderate trading premiums.
Ryu notes the continued activity of short-term holders and the influx of new investors, suggesting confidence in Bitcoin’s long-term value proposition. Such behavior historically precedes significant upward movements, potentially setting the stage for a breakout after the recent cooling phase.
