Bitcoin has remained below the cost basis of short-term holders for more than nine consecutive months, according to monitoring by Darkfost. According to Odaily, Darkfost said short-term holders staying in a prolonged loss position is one of the clearer market characteristics seen during each bear market cycle.
Data cited by Darkfost show Bitcoin’s price has been below the short-term holder cost basis for over nine months. The short-term holder cost basis is currently about $70,700 and has continued to act as overhead resistance.
Darkfost pointed to May market action as reflecting this pressure, saying BTC rose to around $82,000 to test the area before quickly pulling back.
Bitcoin Trades Below Short-Term Holder Cost Basis for Over Nine Months, Darkfost Says
2026-07-12 14:33:55
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