TLDR:
Bitcoin trades above $104K, safely above the STH Realized Price of $97,970.
Short-term holders remain in profit, reducing likelihood of panic selling.
Historical charts show major corrections occur when BTC drops below STH RP.
Israel-Iran tensions haven’t triggered major BTC sell-offs, supporting bullish trend.
Bitcoin’s current position remains strong despite global tension. As concerns grow over market reactions to the Israel–Iran conflict, analysts are closely watching key metrics.
One on-chain signal continues to support the case for ongoing bullish momentum. Investors are focusing on whether this level holds, especially as external risks rise.
Still, data suggests the broader structure of the crypto bull market is intact for now.
Bitcoin Holds Above Key Support Amid Price Volatility
As of June 13, Bitcoin remains above $104,000, maintaining a healthy distance from a vital level known as the Short-Term Holder Realized Price (STH RP), currently at $97,970. This on-chain metric reflects the average price recent buyers paid within the past 155 days.
According to crypto analyst IT Tech, Bitcoin staying above this level is crucial. It shows short-term holders are still in profit, limiting panic-driven sell pressure. Past cycles suggest that breaking below this threshold could trigger broader market corrections. For now, the price remains safely above it, preserving the bullish outlook
🚨 Is the bull market in danger?
Bitcoin faces mounting geopolitical uncertainty, but one metric still holds the key to market confidence.
📊 Short-Term Holder Realized Price (STH RP)This level reflects the average on-chain cost basis of investors who bought BTC within the… pic.twitter.com/ck2T49NJr7
— IT Tech (@IT_Tech_PL) June 13, 2025
The chart shared by IT Tech compares Bitcoin’s current price to two realized price levels: one for short-term holders and another for long-term investors. The Long-Term Holder Realized Price (LTH RP) sits far below, near $31,850, highlighting a wide profit cushion for early adopters.
The same chart shows previous breakdowns below STH RP, often aligned with major downturns. But with Bitcoin trading well above this marker today, historical behavior supports a bullish continuation. As long as this line holds, there’s no technical trigger for a bear phase.
Geopolitical Risks Stir Caution but Don’t Break Trend
Tensions between Israel and Iran have raised global concern. MarketMaestro, a financial analyst, shared that Israel’s precision strikes targeted key Iranian military locations, including the killing of top officials.
Despite this, he noted that Iran was unable to launch a significant counterattack.
The situation remains volatile, but analysts believe it may not escalate further. Oil prices have reacted, yet broader market stability has persisted. For Bitcoin, the conflict hasn’t led to major selling, suggesting that current price levels reflect resilience.
My Thoughts on the Israel–Iran War and Its Impact on the Markets
Israel struck critical locations such as Tabriz, Tehran, Kermanshah, Isfahan-Natanz, and Bushehr. Iran, in response, released the timing of the drones it had sent.Israel carried out a precision operation,… pic.twitter.com/htFJoKFuqE
— MarketMaestro (@MarketMaestro1) June 13, 2025
Despite the geopolitical backdrop, 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.
