Bitcoin

📊 Bitcoin is trading around the short-term holders cost basis.

The chart below shows Bitcoin’s cost basis for short-term holders (STH Cost Basis), represented by the red curve in the image.
🔸️This group of investors is usually very sensitive to price changes – they take profits quickly and exit the market fast when facing losses. For this reason, their cost basis often plays a significant role in Bitcoin’s price support or resistance.

If the price manages to remain consistently above this line, this level could turn from resistance into new market support, potentially paving the way for further Bitcoin growth.

📍In simple terms: A sustained move above the short-term holders cost basis is a sign of returning confidence and the start of a new phase of buying strength.