Short-Term Holder Realized Price

Definition ∞ Short-Term Holder Realized Price represents the average acquisition cost for cryptocurrency units held by entities for a relatively brief period, typically less than 155 days. This metric acts as a cost basis for newer market participants or those actively trading. It offers a snapshot of the price at which these recent buyers last moved their coins on-chain. This value is a key indicator of the profitability or loss experienced by short-term market participants.
Context ∞ Crypto news frequently examines the Short-Term Holder Realized Price to gauge the immediate financial positioning and potential selling pressure from active traders. When the spot price approaches this metric, it often acts as a significant support or resistance level, indicating areas where short-term holders may exit positions. Its trajectory provides insight into the near-term market sentiment and supply dynamics.