Share this article
Bitcoin Approaching Key Bull Market Support Amid 10% Correction
Rising Realized Price metrics show investors continue to accumulate despite pullback.
Aug 20, 2025, 11:52 a.m.
What to know:
- Bitcoin has corrected 10% from its peak, with support forming near $108,600 at the short-term holder realized price (STH RP).
- Both the realized price and STH RP have climbed over 1% in the past week, signaling sustained investor demand.
Bitcoin is down 10% from its all time high of just over $124,000, with the next level of support forming around $108,600, which is the short-term holder realized price (STH RP).
The STH RP, which reflects the average acquisition price of coins moved within the past 155 days, is a key metric for gauging near-term investor positioning.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin has historically treated the STH RP level as support during bull markets, often retesting it during corrections of 20% to 30% before resuming upward momentum.
Since February, BTC has consistently held above this level, with the most recent test in April marking the cycle low at $76,000, a move that coincided with market stress following the announcement of President Trump's new tariffs.
Realized Price (RP) itself, which reflects the average acquisition price across the entire coin supply, has also continued trending upwards. This increase, alongside the rise in STH RP, signals that investors are actively accumulating coins at progressively higher prices, reinforcing structural support for the market.
In fact, over the past seven days, both the RP and STH RP have risen by more than 1%, underscoring continued inflows and conviction among buyers.
These dynamics reflect an important backdrop for the current correction: while short-term volatility has pressured price action, the rising cost basis of investors suggests that new capital continues to enter the market at elevated levels, absorbing selling pressure and maintaining bitcoin’s longer-term bullish structure.
Read more: Bitcoin, Stocks Hit by $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Federal Reserve Cuts Rates 25 Basis Points, as Expected
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
What to know:
- As expected, the Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points on Wednesday afternoon.
- Today's cut is notable given the unusually large amount of public dissension among Fed members for further monetary ease.
Top Stories
