An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has reclaimed the Realized Price of the short-term holders. The “Realized Price” here refers to an indicator that, in short, keeps track of the average cost basis of the investors in the Bitcoin market. When the value of this metric is greater than the cryptocurrency’s spot price, the average holder in the sector can be assumed to be carrying some unrealized profit. On the other hand, the indicator being under the BTC price implies the dominance of losses in the market. Related Reading: XRP Surges 39% As Sharks & Whales Push Supply Share Past 85% In the context of the current discussion, the Realized Price of the entire userbase isn’t of interest, but that of only a part of it: the short-term holders (STHs). The STHs ref ..
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