Bitcoin remains steady near $66,000 following a volatile trading week. The cryptocurrency is in a bear market that started in October 2025, down 52% from its peak. Despite this, recent on-chain data reveals signs of resilience.
Bitcoin’s price holds above the Short-Term Holder (STH) realized price, indicating many recent buyers remain in profit. This reduces immediate sell-side pressure. The 7-day Spent Output Profit Ratio (SOPR) sits around 1, signaling modest profit-taking rather than widespread dumping.
Additionally, 30-day exchange netflows show consistent outflows, often linked to accumulation by long-term investors. Levels resemble those seen in early bullish cycles, hinting at growing investor confidence.
After bottoming at $60,000 in February, Bitcoin rallied to $76,000 before consolidating. Yet analysts caution that declining momentum and a falling STH realized price leave BTC vulnerable. A break below current support could spark renewed selling.
At time of writing, Bitcoin trades at $66,748, up 1.04% in 24 hours, though volume has dropped 53.48%, suggesting weak market conviction.