BTC short-term holders have been at a loss for 8 months, says analyst

On-chain analyst Darkfost has noted that Bitcoin's short-term holders (STH) remain under pressure. According to the analyst, the current realized price—the average cost basis—for this cohort is approximately $74,800, and BTC has been trading below this level for eight months. The average unrealized loss for these holders stands at 14.4%. Darkfost added that the STH realized price is acting as a resistance level and a break-even point, suggesting that BTC reclaiming this price level would be the first signal of an improving market structure.