Rising STH Cost Basis: Now at $97.7k

Rising-STH-Cost-Basis-Now-at-977k

Despite recent price swings, the cost basis—or Realized Price—of short-term holders (STH) continues to rise steadily.

Given that STH accounts for over 40% of Bitcoin's market capitalization, their average cost basis plays a crucial role in identifying short-term support and resistance levels.

Currently, the Realized Price sits at
🔴 $106.2k for the 1w–1m cohort,
🟠 $95k for 1m–3m, and
🟡 $93.3k for 3m–6m holders.

Taking their respective Realized Cap weights into account, the weighted average cost basis for all STH is approximately $97.7k.

With price hovering near the psychologically important $100k level, failure to hold this line could trigger panic selling from short-term holders.

😎 In the end, Bitcoin’s short-term trajectory may depend on whether the $97k–$100k range can hold as strong support. It’s a level worth watching closely.