$BTC BITCOIN WARNING: Short-Term Holders Down 28% — Bear Market Signals Flashing 🚨
The pressure on short-term holders is reaching extreme levels. With the STH cost basis sitting near $94,200 and Bitcoin trading around $68,000, that’s a brutal 28% unrealized loss on average.
But here’s the real alarm: BTC has now traded below the STH cost basis for four straight months-the longest stress period of this cycle. That’s not normal for a healthy bull market structure. Historically, when price stays under this level, sentiment erodes, forced selling increases, and the market starts to resemble early-stage bear conditions.
In the last two bear markets, BTC remained below STH cost basis for over a year. We’re not there yet-but the pattern is starting to rhyme.
The wildcard? Macro and geopolitics. If conditions improve, this cycle could break tradition. If not, the grind may continue.
Is this prolonged stress a generational accumulation zone… or the beginning of a deeper reset?
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