[Analyst: Bitcoin Short-Term Holders' Cost Around $76,000, Confidence Under Test] BlockBeats reported on October 31st that crypto analyst Darkfost stated that the average cost of Bitcoin short-term holders (STH) is close to $76,000, and the current price is testing their confidence in holding their positions. The STH MVRV (market capitalization to realized market capitalization) is approaching a neutral level of 1; this indicator broke through 1.18 in late September, reaching its highest level since July 2025, meaning that the group's unrealized profits were at a more than one-year high at that time. He pointed out that the cost price for short-term holders has been rising steadily since mid-August, around $67,500, indicating that this group participated in Bitcoin's rise during that period. With Bitcoin's medium-term momentum turning positive, the return of MVRV to the price area corresponding to the neutral level may prompt short-term holders to take action: continue buying, or surrender and sell as they did yesterday. He stated that both behaviors often coexist, but whether confidence in holding positions will prevail remains to be seen. [Original Link]