Monitoring data cited by Odaily shows Bitcoin’s short-term holders have remained underwater for an extended period, a pattern Darkfost describes as one of the clearer features seen in past bear-market cycles. The data indicates BTC has now traded below the short-term holder cost basis for more than nine consecutive months.
That cost basis is currently around $70,700, and Darkfost says it continues to act as overhead resistance. The reading points to a level that the market has struggled to reclaim on a sustained basis.
Price action in May already reflected that pressure. During that move, BTC climbed to around $82,000 to test the area, but then pulled back quickly. The data point does not add a broader forecast, but it highlights the same threshold as a key level now being watched in the market.
Data tracked by Darkfost and cited by Odaily shows Bitcoin short-term holders have stayed in a loss position for an extended stretch, a pattern described as one of the more visible features of bear-market cycles.
The figures show BTC has remained below the short-term holder cost basis for more than nine straight months. That cost basis currently stands at about $70,700 and continues to serve as overhead resistance.
Market action in May already showed that pressure. Bitcoin rose to around $82,000 to test the area, then fell back quickly.
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