Data: Analysis shows that Bitcoin has been below the short-term holder cost price for 8 consecutive months, with an average unrealized loss of 14.4%

According to analyst Darkfost, the realized price of short-term holders (STH) of Bitcoin is currently about $74,800, while BTC has been running below this cost line for eight consecutive months, with short-term holders still generally under pressure from losses. Currently, the average unrealized loss for STH is about 14.4%, a significant improvement from over 34% in February of this year.

It is noteworthy that the cost price for STH has decreased from $95,700 to $74,800, indicating that some short-term holders have continued to accumulate during the decline, thereby lowering the overall holding cost. In this cycle, the unrealized profit for STH peaked at 47% in March 2024, while when BTC reached an all-time high in October 2025, this metric was only 11%, showing that the market's profit level is significantly weaker than in previous stages. The STH cost price of $74,800 remains a key resistance level. If BTC can regain this level, it may indicate a positive shift in market structure; however, before that, this area is more likely to become a selling pressure zone for short-term holders looking to break even.