#Bitcoin dropped to $38.8K, bouncing almost perfectly off the short-term holder's strike price. This level was used as support during previous bull runs.

STH RP and RP continue to rise, which is bullish as coins continue to be purchased at a higher price.

The last time STH RP was at $38.3k was in 2021, when the price was $60,000.

This shows how sustainable this bull run is.

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