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STH Realized Price
Short-Term Holder Realized Price is a metric that calculates the average acquisition price of Bitcoin for investors holding their coins for less than 155 days, reflecting the cost basis of recent market participants.
Interpretation
This chart provides insights into short-term Bitcoin investor behavior, who are more sensitive to price fluctuations and may sell during periods of market volatility. When market price is above STH Realized Price, it often indicates short-term holders are in profit, while when market price is below STH Realized Price, they are likely holding losses.
Key Insights
- In bull markets, Bitcoin price tends to trade above Short-Term Holder Realized Price, as short-term holders maintain profits
- In bear markets, Bitcoin price tends to trade below Short-Term Holder Realized Price, as short-term holders typically hold losses
- This metric helps identify potential support and resistance levels based on short-term holder sentiment and can signal selling pressure points or market change