Bitcoin STH Whales Bounce Back: Unrealized Profits Surge Again
Bitcoin's big players are back in the green—and they're not shy about it.
STH whales—those holding between 1,000 and 10,000 BTC—have clawed their way into unrealized profit territory after recent market turbulence. No fancy footwork, no complex derivatives—just raw hodling power.
Market momentum shifts fast. One week you're sweating your portfolio; the next, you're casually debating Lambo colors. Classic crypto whiplash.
Of course, Wall Street will still call it 'speculative'—right before quietly increasing their own exposure. Because nothing says 'mature asset class' like watching traditional finance flip-flop harder than a politician before elections.
Stay sharp. Stay long. And maybe—just maybe—ignore the noise.
Short-Term Holders Defend Critical Levels
According to Darkfost, the small correction at the beginning of September placed Short-Term Holders (STH) under notable pressure, as it directly challenged their unrealized profit zone. This critical area, which fluctuates around $108,000–$109,000, has become an important battleground for bulls and bears. For now, STH whales continue to defend this zone successfully, preventing losses from widening and providing stability to the broader market structure.
Historical precedent supports this resilience. Previous corrections of similar nature, which briefly pushed STH whales into unrealized losses, were short-lived and well-defended. Each time, bitcoin managed to stabilize and then resume its bullish trajectory shortly after. This pattern suggests that the current defense could again act as a springboard, reinforcing confidence among traders who view the $108K–$109K range as a structural line of defense.
However, the broader context cannot be ignored. This week is shaping up to be pivotal for Bitcoin and risk assets, with the Federal Reserve set to announce its interest rate decision tomorrow. While technical and on-chain signals suggest underlying strength, macroeconomic forces could introduce sharp volatility. Darkfost notes that tomorrow’s decision will provide much-needed clarity, potentially setting the tone for whether Bitcoin extends its rally or faces a deeper consolidation phase.
Bitcoin Consolidates Around Key Level
Bitcoin (BTC) is holding steady around $115,482, showing resilience as the market braces for tomorrow’s Federal Reserve decision. On the daily chart, BTC is consolidating NEAR a critical level after recovering from its early-September lows. Price is hovering just above the 50-day moving average ($114,355), which now acts as immediate support, while the 100-day average ($112,782) provides an additional safety net. The 200-day average at $102,810 remains far below, reinforcing the broader bullish structure despite short-term uncertainty.
Resistance lies in the $116,000–$117,000 zone, where BTC has faced repeated rejections in recent weeks. A breakout above this range WOULD likely open the door for a retest of the $123,217 resistance, a level that capped the last major rally. On the downside, failure to defend the 50-day moving average could invite a pullback toward $113,000 or even $112,000.
BTC is consolidating within a tightening range, awaiting macroeconomic clarity. If the Fed delivers the anticipated rate cut without shocking the market, Bitcoin could gain momentum for another push higher. Until then, sideways action and increased volatility remain the base case.
Featured image from Dall-E, chart from TradingView
