Bitcoin Nears Short-Term Holder Cost Basis, Raising Risk of Break-Even Selling

BitcoinWorld Bitcoin Nears Short-Term Holder Cost Basis, Raising Risk of Break-Even Selling Bitcoin is trading near the average cost basis of short-term holders, a level that has historically acted as a pivot between profit-taking and capitulation.

According to on-chain analyst AxelAdlerJr, the cryptocurrency is currently hovering around $64,952, approximately 3.8% below the short-term holder realized price of $67,523.

This metric, which tracks wallets that have held BTC for less than 155 days, is closely watched by traders as a proxy for market sentiment and potential selling pressure.

Understanding the Short-Term Holder Cost Basis The short-term holder realized price represents the average acquisition cost of coins moved within the last 155 days.