The announcement of Donald Trump's crypto strategic reserve has led to a rebound in crypto-equities. Bitcoin has recovered from its recent drop to $78,000 and is currently above $92,000. As a result, crypto-related stocks have also seen gains, with Strategy rebounding 12%, Coinbase and MARA gaining 10%, and IREN rising 11%. Glassnode data indicates that bitcoin is above the Short-Term Holder Realized Price (STH RP), a metric that tracks the average on-chain cost for investors. Holding above this level historically signals a bullish continuation, despite temporary dips.



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