![Bitcoin’s short-term holders enjoy gains with price surge to $52,000](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/02/STHRP-1.png&w=70&h=37&q=75)
Quick Take
Bitcoin’s Realized Price, which represents the aggregate on-chain acquisition price for the entire coin supply, has notably increased to $23,230, a 1.5% increase in the past seven days.
More specifically, the Short-Term Holder Realized Price (STH RP), which reflects the average on-chain acquisition price for coins moved within the last 155 days, has risen to $40,800โa 4% appreciation over the past seven days. This rate of increase is considerable and has been witnessed only a few times over the past year.
![Short Term Holder Realized Price: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/02/STHRP-1.png)
The surge in STH RP aligns with another significant market shiftโthe rise in Bitcoin’s price over the $52,000 mark, pushing its market cap beyond $1 trillion. As a result, the supply from short-term Bitcoin holders has also seen a considerable increase, surging from 2.2 million coins to 2.6 million, a 400k addition in a relatively short period.
![Short Term Holder Supply: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/02/STH-2.png)