Bitcoin’s (CRYPTO:BTC) realised price for short-term holders (STHs) has reached $64,000, confirming the ongoing BTC rally.

This increase primarily includes those who bought BTC around the U.S. spot Bitcoin ETF approval in January.

The metric, which has risen 1.5% recently, indicates strong short-term speculation and support for Bitcoin.

Data from Glassnode and IntoTheBlock shows robust support around $69,000, bolstering Bitcoin’s bullish outlook.

Additionally, a significant spike in the Taker Buy Sell Ratio on the HTX exchange further signals strong buying pressure and market optimism.