Bitcoin has reclaimed the "Short-Term Holder Cost Basis"! This is a noteworthy bullish signal. BTC has just broken back above the Short-Term Holder Realized Price. Simply put: People who bought BTC in the past few months are, on average, back in profit. Why is this line important? When BTC stays below this line for an extended period, it means recent buyers are generally underwater, and any rebound is likely to face selling pressure from those looking to break even. But now the situation is starting to reverse: BTC is back above the short-term holder cost basis Short-term holders have shifted from losses → profits Market sentiment and momentum are improving The cost basis could potentially flip from "resistance" to "support" Historically, the truly important moment isn't the "breakthrough itself," But whether BTC can sustain above this line. If it retests and holds, and the short-term holder cost basis starts acting as support— Then this rally might not just be a bear market bounce, but a genuine shift in market structure toward bullishness. I'll be watching this line closely moving forward. Holding above = Bulls regain control. Dropping back below = This breakout could still be a fakeout. The real confirmation is just beginning.