Bitcoin News
By Steven Anderson
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Understanding the STH Realized Price. The Realized Price metric measures the average cost basis of all Bitcoin holders by dividing the…
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The Fourth Retest Could Be Critical. Maartunn shared data showing that Bitcoin has already retested this STH Realized Price several…
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Investor Psychology at Play. The reason this metric matters lies in investor psychology.
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Market Outlook: Key Levels to Watch. Recent data from The Block’s crypto price index shows Bitcoin trading around $112,400, up slightly…
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Broader Market Context. Bitcoin’s latest pullback follows a turbulent period for the broader crypto market, which recently…
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Final Thoughts. As Bitcoin retests the Short-Term Holder Cost Basis for the fourth time, traders are watching…
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Bitcoin (BTC) has once again fallen back to a crucial on-chain level known as the Short-Term Holder (STH) Cost Basis, a price area that has repeatedly served as support over…
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According to on-chain analyst Maartunn, a contributor to CryptoQuant, Bitcoin’s price action appears to be at the fourth phase of the STH Realized Price cycle — a point in…
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The Realized Price metric measures the average cost basis of all Bitcoin holders by dividing the total value of all coins at the price they last moved by the total BTC supply.
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In this context, Maartunn’s analysis focuses specifically on Short-Term Holders (STHs) — investors who acquired their BTC within the past 155 days.
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When Bitcoin’s spot price approaches the STH Realized Price, it typically tests the conviction of these newer investors.
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Maartunn shared data showing that Bitcoin has already retested this STH Realized Price several times over the past two months — and each time, the level has held as a base for…
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In bullish market phases, the STH cycle tends to follow five identifiable stages:
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Initial retest – short-term holders buy the dip confidently.
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Second retest – renewed buying as confidence remains high.
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