According to the source, BTC has reportedly reclaimed the Trader’s Realized Price at $116K and is eyeing $160K–$200K in Q4, but this claim is not independently verified here and should be validated on primary data feeds. Traders should confirm whether price is above the Short-Term Holder Realized Price (a common proxy for trader cost basis) and holds on a weekly close, as sustained breaks above this level have historically aligned with bullish impulses (source: Glassnode, Short-Term Holder Realized Price and Week On-Chain research). Additional confirmation includes net positive US spot Bitcoin ETF flows on a rolling basis to indicate fresh spot demand (source: Farside Investors, US Bitcoin ETF daily flows), neutral-to-moderate perp funding with controlled leverage and rising open interest (source: Coinglass, funding and OI dashboards), and price trending above the 20-week moving average to confirm cyclical momentum (source: TradingView, moving averages). Risk management should flag invalidation if BTC closes back below the Short-Term Holder Realized Price or the 20-week MA, or if ETF flows turn negative on a multi-day basis, indicating weakening spot demand (sources: Glassnode; TradingView; Farside Investors).