Definition ∞ Short-term holder cost refers to the average price at which cryptocurrency assets were acquired by market participants who have held them for a relatively brief duration, typically less than 155 days. This metric provides insight into the cost basis of the most recent investors. It helps determine the average price at which short-term investors would break even or incur losses.
Context ∞ In crypto news, short-term holder cost is a critical on-chain metric for identifying potential support or resistance levels in price movements. When the market price approaches or falls below this cost, it can indicate increased selling pressure from short-term holders seeking to exit positions, offering valuable context for market analysis.