Bitcoin (BTC) price has experienced mounting demand-side pressure, causing it to rally more than 23% over the last two weeks to hit a 2-month high at $68,583 on July 22. During this uptrend, BTC climbed above its short-term holder (STH) cost basis, highlighting the “strength of the prevailing uptrend,” according to market intelligence firm Glassnode. The recent surge in BTC price above $68,000%20last%20closed%20above,meet%20its%20all%2Dtime%20high.) has “been a welcome relief for Bitcoin Short-Term Holders (STHs),” Glassnode wrote in its “Week On-chain” newsletter published on July 24. Accordi…