Analysis: Bitcoin has been below the Short-Term Holder Cost for 8 consecutive months, with an average unrealized loss of 14.4%.

BlockBeats News, June 24th. According to analyst Darkfost, the Bitcoin Short-Term Holders' (STH) realized price is currently around $74,800. BTC has been trading below this cost line for 8 consecutive months, causing short-term holders to still face loss pressure. The average unrealized loss for STH is currently about 14.4%, a significant improvement from the over 34% peak seen in February this year.

It is worth noting that the STH cost has dropped from $95,700 to $74,800, indicating that some short-term holders have been accumulating more during the downturn, thus reducing the overall holding cost.

In this cycle, the unrealized profit of STH peaked at 47% in March 2024, but when BTC hit a new all-time high in October 2025, this indicator was only 11%, showing that the market profit-taking level was significantly weaker than in the previous phase. The $74,800 STH cost remains a key resistance level. If BTC can reclaim this level, it could signal a positive shift in market structure. However, until then, this area is more likely to act as a selling pressure zone for short-term holders looking to exit losses.