According to Cas Abbé, Bitcoin (BTC) is currently trading above every short-term holder cost basis, which ranges between $110,000 and $117,000. This indicates that even the newest investors are in profit, reinforcing solid support levels below the current price. For traders, this suggests that Bitcoin has established strong realized support, reducing downside risk and signaling potential for continued bullish momentum if these levels hold (Source: Cas Abbé).