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Bitcoin Falls Below Short-Term Holder Cost Basis for Over 9 Months; STH Support at $70,700

Market Analysis

2026-07-12 14:25:33

BTC-0.34%

According to CryptoQuant analyst Darkfost, Bitcoin has remained below its short-term holder (STH) cost basis for more than nine months, a pattern historically associated with bear market cycles. The current STH cost basis stands around $70,700 and continues to act as resistance overhead. The analyst notes that such prolonged periods of short-term holder losses typically coincide with bearish market conditions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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