Recent Bitcoin Buyer Cost Basis Confirms Strong Market Floor → Insights

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Briefing

The Short-Term Holder Realized Price is holding as a critical support, confirming the recent market correction has found a strong structural floor. This metric represents the average price at which all recent investors (those holding for less than 155 days) acquired their Bitcoin, making it the most important psychological line in the sand. Its defense proves that the conviction of new market entrants remains high despite volatility, a thesis proven by the STH Realized Price nearing $64,000 and holding firm.

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Context

The market is wondering if the recent price volatility is a minor shakeout or the start of a deeper correction. Is the bull market over, or are new buyers simply taking a healthy pause? This data answers the question of whether the foundational support from recent market entrants is strong enough to absorb selling pressure. Understanding the cost basis of the most price-sensitive investors is key to determining the market’s true structural health.

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Analysis

The Short-Term Holder (STH) Realized Price tracks the average acquisition cost of all Bitcoin moved on-chain in the last 155 days. This indicator measures the collective “breakeven” point for the most price-sensitive group of investors. When the market price drops to this level, it tests the conviction of new buyers. A bounce above it confirms their strength, while a sustained drop below signals capitulation.

The current pattern shows the price tested this critical cost basis near $64,000 and immediately bounced , indicating that recent buyers are not selling at a loss. This defense of the new investor cost basis is the signature of a healthy mid-cycle consolidation.

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Parameters

Key Metric – STH Realized Price → The average purchase price for all Bitcoin held for less than 155 days.
Critical Support Level → $64,000, which is the current approximate value of the STH Realized Price.
Time Horizon → Coins held for less than 155 days.

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Outlook

This insight suggests the near-term future involves a continuation of the uptrend, as the primary structural support has been validated. The market has cleansed weak hands, and a strong foundation is now in place. A reader should watch for a confirming signal → a significant and sustained increase in the Spent Output Profit Ratio (SOPR) , which would confirm that recent buyers are now taking profits, indicating the rally has resumed.

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Verdict

The Short-Term Holder Realized Price at $64,000 confirms the current market price has established a strong, fundamental price floor.

Bitcoin cost basis, short-term holder, realized price, market support level, on-chain analysis, bull market floor, investor behavior, recent buyers, coin dormancy, supply shock, price volatility, accumulation zone, market cycle, on-chain metric, realized capitalization Signal Acquired from → coinmarketcap.com