Bitcoin’s weekend volatility, driven by intensifying geopolitical tensions in the Middle East, has subsided with a strong price rebound. The benchmark cryptocurrency is now trading above $101,000, signaling resilience and reaffirming a crucial on-chain support level — $98,200 — as the key price floor for maintaining bullish momentum.
Why $98.2K Matters for Market Sentiment
The Short-Term Holder Realized Price (STH RP), currently at $98,200, represents the average on-chain acquisition cost of Bitcoin held outside exchanges and moved in the last 155 days. This figure acts as a critical sentiment threshold in on-chain analysis.
Historically, when BTC trades above the STH RP, the market tends to maintain a bullish structure. In contrast, dips below it often coincide with market weakness or consolidation phases. This metric is especially relevant for evaluating behavior among short-term participants who are most sensitive to market conditions.
Weekend Dip Driven by War-Related Selling Pressure
Over the weekend, Bitcoin briefly fell below $98,000 as investors reacted to escalating conflict between Iran, Israel, and the United States. With traditional markets closed, traders sought liquidity, selling risk assets like BTC — not necessarily from bearish outlooks, but from short-term necessity.
Despite the pressure, Bitcoin quickly rebounded, reinforcing support at the STH RP level. This behavior suggests that long-term sentiment remains intact, and recent buyers view sub-$100K prices as a buying opportunity.
Historical Context Supports Bullish Continuation
This isn’t the first time STH RP has played a pivotal role. During June to October 2024, BTC traded below the $62,000 STH RP in a consolidation period. Again, from February to April 2025, the market corrected under the $92,000 threshold. Both phases ended in major rallies once prices reclaimed the short-term realized price.
The current rebound above $101,000 reflects similar dynamics, where bullish structure is likely to continue as long as BTC remains above the $98.2K level. A clean break and hold below this would increase the risk of another correction.
Conclusion: Bitcoin’s resilience above short-term realized support underscores ongoing bullish sentiment, even amid geopolitical shocks. As long as the $98,200 level holds, traders and analysts alike are optimistic about Bitcoin maintaining its upward trajectory into the coming weeks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.