Data: Analysis shows that Bitcoin has been below the short-term holder cost basis for 8 consecutive months, with an average unrealized loss of 14.4%.

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Crypto Finance News, according to analyst Darkfost's post, the realized price for short-term holders (STH) of Bitcoin is currently about $74,800, and BTC has been trading below this cost line for 8 consecutive months, with short-term holders still generally under loss pressure. Currently, the average unrealized loss for STH is about 14.4%, a significant improvement from the over 34% floating loss level in February of this year. Notably, the STH cost basis has decreased from $95,700 to $74,800, indicating that some short-term holders have continued to increase their positions during the decline, thereby lowering the overall holding cost. During this cycle, the unrealized profit for STH reached a peak of 47% in March 2024, while when BTC hit a new all-time high in October 2025, this indicator was only 11%, showing that market profit levels are significantly weaker than in previous phases. The $74,800 STH cost basis remains a key resistance level. If BTC can regain this level, it may signal a positive shift in market structure; but before that, this zone is more likely to become a zone of short-term holder sell pressure to cut losses.
BTC0.81%
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