• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Bitcoin

Bitcoin Short-Term Holder Cost Basis Rises To $25,300, What Does It Mean?

Keshav Verma
by Keshav Verma
2 years ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows the Bitcoin short-term holder cost basis has now risen to $25,300; here’s what this tells us about the market.

Bitcoin Short-Term Holder Cost Basis Has Gone Up Recently

According to data from the on-chain analytics firm Glassnode, the average acquisition price of the short-term holders continues to approach the spot price. The relevant indicator here is the “realized price,” a metric derived from the “realized cap.”

The realized price is a capitalization model for Bitcoin that puts each coin’s “real” value in the circulating supply as the price at which it was last moved on the blockchain, rather than the current spot price as the normal market cap does.

The realized price is obtained when this cap is divided by the total number of coins in circulation. Since the realized cap accounted for the investors’ cost basis (the price at which they bought their coins), the realized cap signifies the value at which the average investor in the market acquired their BTC.

The realized price can also be defined explicitly for only parts of the market. Generally, BTC investors are divided into two main groups: the “short-term holders” (STHs) and the “long-term holders” (LTHs).

The STHs include all investors holding onto their coins since less than 155 days ago, while the LTHs have those holding since more than that threshold amount.

Now, here is a chart that shows the trend in the Bitcoin realized price for the entire market, as well as the versions of the metric for the STHs and LTHs, over the last few years:

Bitcoin Realized Price

The cost basis of the different segments of the market | Source: Glassnode on Twitter

As displayed in the above graph, the Bitcoin realized price (for the total market) is around $20,100 currently, meaning that the average investor bought their coins at this price.

The market’s realized price has held historical significance for the asset, acting as the transition mark between the bear market lows and bullish periods throughout the cycles. Generally, during bear markets, this level has acted as resistance, while during bulls, it has supported the price.

Related Reading: Bitcoin Miners Not Selling Despite Record Fees: On-Chain Data

This level is unrelated to the spot price because it is an important psychological point for investors. As it’s the price they bought at, holders would prefer to sell at this price during bear markets to avoid losses.

In full-blown bull rallies, however, Bitcoin investors would see this level as a preferable point to accumulate more, thus explaining why it may act as support in such periods instead.

Similarly, the cost basis of the STHs and LTHs has also acted as resistance and support. The various interactions of the STHs’ realized price are most prominently visible during the 2021 bull run in the chart.

The STH realized price has also increased as the current rally has continued. This is normal behavior seen during uptrends in the price, as the STHs include only the investors who bought most recently. Since the most recent spot prices would be going up in such periods, the cost basis of the group would also naturally go up as fresh holders join them.

Related Reading: Bitcoin Exchange Supply Hits Dec. 2017 Low, Here’s Why This Is Good

This level is around $25,300, close to the spot price. It will be interesting to see how the spot price may interact with this line if BTC observes some extended downtrend soon. Such a retest would be a positive sign if successful, as this behavior would align with historical bull markets.

BTC Price

At the time of writing, Bitcoin is trading around $28,200, down 1% in the last week.

Bitcoin Price Chart

BTC has surged today | Source: BTCUSD on TradingView
Featured image from iStock.com, charts from TradingView.com, Glassnode.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

Metaplanet

Bitcoin Stash Grows: Metaplanet Now Holds 20,136 BTC After $15M Buy

1 day ago
El Salvador

El Salvador’s Bitcoin Journey Hits 4-Year Mark, Results Still Divisive

1 day ago
Bitcoin

Over 1 Million In Bitcoin Locked In Treasuries As Institutions Pour In $1 Billion

2 days ago
Bitcoin

$5 Billion Bitcoin Treasure Tied To Piracy Website Found In German Wallets

2 days ago
Bitcoin

Bitcoin Indicator Re-Enters Accumulation Zone After 147 Days – Details

2 days ago
Bitcoin

$6B In Bitcoin: Marathon Digital Treasury Now 2nd-Largest Among Public Firms

3 days ago

Premium Sponsors

Press Releases

  • miner

    7 Highest-Rated and Most Popular Cloud Mining Apps in 2025...

    4 hours ago
  • XRP

    Quickly make XRP “mine and earn money”, and...

    7 hours ago
  • XRP Holders

    LET Mining: A Passive Income Engine for XRP Holders...

    9 hours ago
  • miner

    Ripple (XRP) is attracting investor interest: ALL4 Mining...

    13 hours ago
  • MINER

    2025 Free Crypto Cloud Mining Sites Detailed Guide: No...

    15 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.