The Short-Term Holder (STH) cost-basis model remains a critical tool for understanding Bitcoin sentiment among new investors. Historically, this model has aligned with market lows during bull runs and differentiated between bullish and bearish cycles. #Bitcoin 's Short-Term Holder (STH) cost-basis model is crucial for gauging sentiment among new investors. Historically, this model has tracked market lows during bull cycles and also distinguished bull from bear markets: https://t.co/6NCAPxxcrJ pic.twitter.com/hc47gBLHHc — glassnode (@glassnode) January 10, 2025 Currently, Bitcoin’s price is trading approximately 7% above the STH cost-basis of $88,135. However, if the price dips and stabilizes below this threshold, it may signal declining sentiment among new investors—a common indicator of potential trend shifts in the market. The $12,000 Support Gap On-chain data has identified a significant void in price support between $87,000 and $75,000. With limited activity in this range, Bitcoin could face heightened volatility if the price enters this gap, emphasizing the importance of maintaining levels above $88,135. On-chain data reveals a $12,000 void between $87,000 and $75,000, with little to no support for #Bitcoin $BTC in this range! pic.twitter.com/JQqRdbLumt — Ali (@ali_charts) January 11, 2025 DOJ’s Bitcoin Sale: Impact on the Market The U.S. Department of Justice (DOJ) is preparing to sell $6.5 billion worth of Bitcoin seized from Silk Road and related cases. This sale represents a portion of the DOJ’s 198,000 BTC holdings and could impact market liquidity and price stability in the short term. The DOJ is preparing to sell roughly $6.5 billion worth of Bitcoin seized from Silk Road and related investigations. This sale represents a portion of the DOJ's total Bitcoin holdings, which currently stand at 198,000 BTC pic.twitter.com/6iPSdKxggS — IntoTheBlock (@intotheblock) January 10, 2025 MicroStrategy’s Strategic Accumulation MicroStrategy continues to solidify its position as a major Bitcoin holder, with its latest $101 million investment increasing its share of the total Bitcoin supply to 2.1%. The company’s consistent acquisitions reflect a long-term bullish outlook on Bitcoin’s potential. Microstrategy currently holds 2.1% of the total Bitcoin supply. Its latest $101 million investment continues a pattern of smaller, yet strategic, acquisitions. pic.twitter.com/KbuwyhU0hi — IntoTheBlock (@intotheblock) January 11, 2025 Bitcoin Spot ETFs: Mixed Signals January 10 saw a net outflow of $149 million from Bitcoin spot ETFs. However, Fidelity’s FBTC ETF stood out, recording a notable single-day net inflow of $16.57 million, suggesting selective institutional interest. Bitcoin spot ETF had a total net outflow of $149 million on January 10. Fidelity ETF FBTC had a net inflow of $16.5656 million on a single day. https://t.co/59u0BnEqLG pic.twitter.com/WI1uTf1BpM — Wu Blockchain (@WuBlockchain) January 11, 2025 Conclusion With key price levels, government sales, and institutional moves influencing the market, Bitcoin’s trajectory in 2025 remains one to watch. Investors are closely monitoring sentiment shifts and external factors for potential turning points. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: igorigorevich/ 123RF // Image Effects by Colorcinch
