Bitcoin rallies to $78k, nears resistance at $80,700 short-term holders’ cost basis

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Bitcoin nears $80,700 STH cost basis after rally; price touches $78,200

Bitcoin is closing in on the short‑term holder realized price at $80,700. The latest move pushed BTC to $78,200, bringing that line into play.

Cycle analyst Root shared fresh on-chain data on X showing the STH Realized Price at $80,700 and BTC approaching it after the rebound according to the chart.

The Realized Price tracks the average cost basis of investors on-chain. When spot trades above it, holders sit on net unrealized profit; below it, losses dominate source.

Short-term holders are coins last moved within 155 days. This cohort is considered more reactive to price and often marks support or resistance around its cost basis source.

BTC fell below the STH Realized Price during the Q4 2025 drawdown and has stayed under since. As trading occurred at lower post-crash levels, the STH cost basis drifted down to $80,700 chart.

In January, the rally stalled near this STH line, signaling break-even selling by recent buyers, per the same on-chain view chart.

With momentum improving, a retest of $80,700 is possible if the bullish move extends context.