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.
Written by Yonsei_dent
