maartunn
Bitcoin is back above the average cost basis of short-term holders đ
The Bitcoin Short Term Holder (STH) Realized Price is a metric that represents the average acquisition price of Bitcoin for investors who are considered short-term holders, typically defined by the movement of coins that have been held for less than 155 days. This metric is illustrated in the chart below. The periods marked with red bars indicate when the Bitcoin price is below the STH Realized Price, while the periods with green bars indicate when the price is above it. Recently, the Bitcoin price has reclaimed the STH Realized Price. This is a positive sign because short-term holders often add to their positions when Bitcoin returns to their average cost basis, creating a support level. Since 2023, Bitcoin has reclaimed the short-term holder Realized Price twice, each time resulting in at least 30% profits.