Bitcoin Price Today: Will September Bring a Crash or Just a Pause?

Bitcoin is struggling to hold above $108,000. It’s trading below the key short-term holder (STH) price of $108,928. That’s sparking talk of a possible correction.

In past dips, this signal warned of deeper losses. Some traders fear a repeat of February’s 20% fall. But on-chain metrics this time paint a mixed picture.

Bitcoin Below Key Support Levels Sparks Market Jitters

Short-term holders are selling. They tend to react fast. Their average entry is just under $109K. When price dips below that, selling pressure increases.

The same thing happened in February. Bitcoin dropped from $92,000 to $76,000. That was also after falling below the STH realized price.

Analysts say this breach is bearish. But Bitcoin has shown some fight. It bounced to $108,675 on Monday. Still, it couldn’t break $110,000. That’s a major psychological barrier.

According to data from Mitrade and NewHedge, realized losses are rising. But not enough to signal panic. That’s keeping bears cautious. They see pressure but not yet full capitulation.

On-Chain Data Sends Mixed Signals to Traders

Another metric—Net Realized Profit and Loss (NRPL)—adds to the confusion. When green, it means profits. Red means losses. Right now, it’s swinging between both.

That means the market is undecided. There’s no clear winner between bulls and bears. It’s a tug-of-war. Traders are watching closely.

If the NRPL flips green and holds, it could signal recovery. If it turns red again, more selling may follow. Historical patterns suggest deeper corrections are likely after STH breaches. But resilience this time clouds that call.

Short-term, Bitcoin remains stuck between $108,000 and $110,000. Until it breaks out, the market may stay in limbo.

Bitcoin price today is stuck in a tight range.
Market players are bracing for either a deeper drop or a breakout.

Info at your fingertips-

Q1: What is the Bitcoin price today?

Bitcoin is currently trading around $108,675. It’s below the short-term holder price.

Q2: Why is the $108,928 level important?

That’s the STH Realized Price. Falling below it often signals selling pressure from recent buyers.

Q3: Could Bitcoin crash again in September?

It’s possible. Historically, price drops below STH levels led to corrections. But on-chain data is mixed.

Q4: What are traders watching now?

They are watching the NRPL and price action near $110,000. A break above could ease bearish fears.

Q5: What happened last time this signal appeared?

In February 2025, Bitcoin dropped 20% after a similar move below the STH price.