$BTC

(BTC) has hit the cost basis for Short-Term Holders, yet they are still selling off their assets.

The recent increase in selling pressure from these holders is primarily because they have returned to profitability.

To put it another way, the current STH Realized Price stands at $93,400, and ideally, BTC needs to stay above this level in the near term—otherwise, another wave of sell-offs could occur.

For now, this price level is acting as a robust support zone, and Short-Term Holders are likely to do everything they can to protect it.