Crypto Quant Analysis: BTC price remains above the realized price for short-term holders, and the market is in a recovery phase

ChainCatcher news, according to CryptoQuant analyst Axel Adler Jr, the current price of BTC is $110,700, maintaining above the short-term holder realized price of $107,600 (a key monthly bull market support level).

The overall realized price is $52,800, and the long-term holder realized price is $35,600. The BTC price is significantly above these two levels, confirming a structural uptrend. The analyst points out that higher time frames remain bullish, but the market is in a repair phase and is sensitive to profit-taking, with the short-term holder realized price of $107,000 being a key reference point.