Bitcoin has faced another retrace in the past day that has brought its price to the short-term holder cost basis, a level that has acted as support thus far.
Bitcoin Is Making Yet Another Retest Of The STH Realized Price
As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin could be at the fourth step of the short-term holder (STH) Realized Price cycle.
The “Realized Price” here refers to an indicator that measures the average cost basis of the investors on the BTC network. When the value of this metric is greater than the spot price, it means the overall market is carrying a net unrealized loss. On the other hand, it being below BTC’s value suggests the average holder is in the green.
In the context of the current topic, the Realized Price of only a specific segment of investors is of interest: the STHs. These are the BTC holders who purchased their coins within the past 155 days. This group is considered to include the fickle-minded bun
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-sth-cost-basis-again-where-support-flips/
