On-chain indicator pins short-term Bitcoin holders’ average cost at $80,700 — a level BTC is closing in on after the latest rally.
Cycle analyst Root posted on X the newest data for the Short-Term Holder (STH) Realized Price, an on-chain metric that tracks the average acquisition cost of coins moved within the last 155 days. When spot BTC trades above this line, STHs as a group sit in net unrealized profit; below it, they sit in net loss.
Root’s chart shows the STH Realized Price has been declining since the Q4 2025 drawdown, as recent buyers accumulated at lower post-crash prices. Bitcoin fell beneath this STH cost basis during that sell-off and has remained under it through the recovery. Today the STH Realized Price stands at $80,700 — and following the latest upswing BTC is trading around $78,200, not far from a potential retest.
Historically the STH Realized Price has acted as a meaningful support/resistance band. Short-term holders tend to be lower-conviction participants who are more likely to liquidate around their break-even point, so a touch or rejection at $80.7K can trigger visible on-chain and market behavior. For example, January’s rally stalled near the STH Realized Price as many in the cohort appears to have taken profits at their cost basis.
If Bitcoin pushes above $80,700, STHs would move into net profit — a move that can increase selling pressure or help confirm a stronger recovery, depending on how the cohort reacts. Conversely, a rejection at that level could reinforce it as resistance and keep BTC range-bound. For now, the market will be watching closely as BTC approaches that psychological and on-chain line.
Read more AI-generated news on: undefined/news
