Bitcoin continues to demonstrate stability, trading above its short-term holder cost basis despite recent price fluctuations.
Bitcoin Price: Range Between $95K and $117K
For the past six months, Bitcoin has remained above $95K. 'The upper boundary +1 STD above the short-term holder cost basis was tested only once in late May,' stated in an update by Glassnode. This level, now at $117,113, marks the upper boundary of short-term price action.
Overheated Zone Remains Untouched Despite May Rally
The overheated zone, marked by the red +2 STD band, has stayed untouched throughout the first half of 2025. While Bitcoin pushed toward this level in late May, it reversed before breaching $117K. This signals that momentum cooled naturally, without triggering extreme speculative pressure.
June Summary: Bitcoin Near Mid-Band Zone
By the end of June, Bitcoin traded just below the +1 STD boundary, resting near $108,000. The chart confirms Bitcoin avoided any exaggerated price action despite market shifts. Traders watching the short-term holder cost basis model now use $95K and $117K as short-term structure pivots.
Bitcoin displays stable behavior amidst recent price fluctuations, reflecting calculated accumulation rather than emotional market behaviors.
