Bitcoin Struggles To Reclaim Key Cost Basis As Realized Losses Climb — Details
Since the past week, the Bitcoin price has traded below the cost basis of one of its most reactive investor groups. Based on recent on-chain information, the world’s largest cryptocurrency might face further trouble if its price fails to reclaim this crucial level. Related Reading: Bitcoin Upper Trendline Resistance Is Holding Price Back, Can It Push It Below $60,000? Analyst Answers Bitcoin’s Drop Under $80,000 Drives Realized Losses Upwards In an X post on May 22, Axel Adler Jr. analyzes Bitcoin’s struggle to reclaim its Short-Term Holder (STH) Realized Price. The crypto analyst identifies this level at around $80,000 (specifically $80,217). For context, the STH Realized Price tracks the average acquisition price of newer BTC investors. When Bitcoin trades below this threshold, it often means that many of its short-term holders are holding unrealized losses, thereby increasing selling pressure. Notably, Axel Adler Jr. points out that these realized losses have risen across the Bitco