Bitcoin's recent surge has brought its price to a new three-month high of $80,500, marking a significant milestone for the cryptocurrency. However, to maintain support at this level, it is crucial that the price closes above the short-term holders' cost basis of $81,486.
The short-term holder's realized price, which reflects the average cost of coins moved over the last 155 days, indicates where recent buyers have flipped from loss to profit. A daily close above $81,500 would return these holders to profit and reduce sell-side pressure.