Here’s the level, according to on-chain data, that Bitcoin might have to conquer if the rally has to make a real comeback. Bitcoin Is Currently Near Short-Term Holder Cost Basis In a new post on X, analyst Root shared a chart revealing that the BTC price has recently been retesting the short-term holders’ cost basis or the realized price (STHs). The “realized price” here measures the average price at which Bitcoin investors acquired their coins. When the spot price is trading above this indicator, the holders are in a state of profit right now, while below the metric implies the market is in loss. This realized price is for the entire investor base but can be defined only for specific segments. In the context of the current discussion, the holder group of interest is the “short-term holders” (STHs). The STHs include all investors who purchased their coins less than 155 days ago. Their average cost basis should, thus, lie inside the price range of the past five months. Related Reading: Can Bitcoin Continue Its Run? These Factor ..
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