Bitcoin Holds Above $97,970, Avoids Panic Selling Despite Geopolitical Tensions

Bitcoin is currently trading above $104,000, maintaining a significant distance from the Short-Term Holder Realized Price (STH RP) of $97,970. This metric is crucial as it represents the average price paid by investors who bought Bitcoin within the past 155 days. According to crypto analyst IT Tech, Bitcoin's position above this level indicates that short-term holders are still in profit, which reduces the likelihood of panic selling. Historical data shows that major corrections in Bitcoin's price often occur when it drops below the STH RP. Currently, the price remains above this threshold, preserving the bullish outlook.

Despite the ongoing geopolitical tensions, particularly between Israel and Iran, Bitcoin has not experienced significant sell-offs. This resilience suggests that the broader structure of the crypto bull market remains intact. The conflict has led to some market volatility, but Bitcoin's price has not been severely impacted. Analysts believe that as long as the STH RP holds, there is no technical trigger for a bear phase.

The Long-Term Holder Realized Price (LTH RP) is far below the current price, sitting near $31,850. This highlights a wide profit cushion for early adopters of Bitcoin. The chart comparing Bitcoin’s current price to these realized price levels shows that previous breakdowns below the STH RP have often aligned with major downturns. However, with Bitcoin trading well above this marker, historical behavior supports a bullish continuation.

MarketMaestro, a financial analyst, noted that Israel's precision strikes targeted key Iranian military locations, including the killing of top officials. Despite this, Iran was unable to launch a significant counterattack. The situation remains volatile, but analysts believe it may not escalate further. Oil prices have reacted to the conflict, but broader market stability has persisted. For Bitcoin, the conflict hasn’t led to major selling, suggesting that current price levels reflect resilience.

Short-term holder metrics offer insight into market psychology. As long as the most recent investors remain in profit, confidence tends to hold. That continues to be the case. The crypto market has experienced pressure before, but structural signals like the STH RP help separate short-term noise from long-term trend shifts. As of now, Bitcoin’s position above $97,970 signals continued strength in the bull cycle.