Bitcoin Short-Term Holders Face 6% Average Loss, but Capitulation Signs Remain Absent

BitcoinWorld Bitcoin Short-Term Holders Face 6% Average Loss, but Capitulation Signs Remain Absent Bitcoin short-term holders are currently sitting on average unrealized losses of approximately 6%, according to on-chain data from CryptoQuant.

Despite the prolonged period of losses, analysts say there are no clear signs of large-scale capitulation, suggesting the market may be in a phase of cautious holding rather than panic selling.

Current On-Chain Metrics Signal Persistent Pressure Axel Adler Jr., a contributing analyst at CryptoQuant, highlighted that the average cost basis for short-term holders stands at about $67,300, while Bitcoin is trading around $63,200 at the time of writing.

The Short-Term Holder Market Value to Realized Value (STH MVRV) ratio is approximately 0.94, which has remained below the break-even level of 1.0 for 98 consecutive days. This indicates that short-term holders have been underwater for more than three months.