[Analysis: Bitcoin has been below the short-term holders' cost price for 8 consecutive months, with an average unrealized loss of 14.4%] BlockBeats news, June 24, according to a post by analyst Darkfost, the realized price for Bitcoin short-term holders (STH) is currently approximately $74,800. BTC has been trading below this cost line for 8 consecutive months, and short-term holders are still generally under pressure from losses. Currently, the average unrealized loss for STH is about 14.4%, showing a significant improvement compared to the unrealized loss of over 34% in February this year. It is worth noting that the STH cost price has dropped from $95,700 to $74,800, indicating that some short-term holders have continued to accumulate during the downturn, thereby lowering the overall holding cost. During this cycle, the unrealized profit for STH reached a peak of 47% in March 2024, while in October 2025, when BTC hit its all-time high, this metric was only 11%, reflecting that market profitability was significantly weaker compared to previous phases. The $74,800 STH cost price remains a key resistance level at present. If BTC can reclaim this level, it may signal a positive shift in market structure; however, until then, this area is more likely to act as a zone of selling pressure for short-term holders looking to break even. [Original link]