On-chain data shows that the average cost basis for Bitcoin short-term holders is $80,700, a level that could become important after the latest price rally. Bitcoin is approaching the short-term holder realized price.
In a new post on X, cycle analyst Root shared the latest data on the Realized Price for short-term holders. The “Realized Price” is an on-chain metric that tracks the average purchase price or cost basis of Bitcoin investors.
When Bitcoin’s price is above this metric, it means investors overall are sitting on unrealized profits. When it’s below, it suggests most are facing losses.
For this analysis, the focus is on short-term holders (STHs)—investors who bought their coins within the last 155 days. The chart below shows how the STH Realized Price has changed over the past few years.
As the chart shows, Bitcoin’s spot price fell below the STH Realized Price during the Q4 2025 downturn. Since then, the price has stayed below that line. As the decline continued, the STH cost basis also dropped. This makes sense because coins traded at lower post-crash prices, lowering the average purchase price for new investors.
Today, the STH Realized Price is $80,700. After Bitcoin’s recent rally, the price isn’t far from this level. If the bullish trend continues, a retest of this level could happen.
In the past, this indicator has often acted as support or resistance for Bitcoin. That’s because short-term holders are less committed and tend to react quickly to price changes. A retest of their cost basis often leads them to take action.
The chart shows that the price rally in January topped out near the STH Realized Price. This suggests that short-term holders saw the recovery as a chance to sell at break-even.
If Bitcoin tries to retest this level again soon, it will be interesting to see how the market reacts this time.
Bitcoin’s price has now reached $78,200 after its latest surge.
Featured image from Dall-E, chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs about Bitcoin hitting 78000 and the focus on the 80700 level written in a natural conversational tone
Frequently Asked Questions
1 Wait Bitcoin is at 78000 Is that real
Yes its real Bitcoins price recently surged past 78000 This is a new alltime high meaning its worth more than it ever has been before
2 Why is everyone talking about 80700 Whats so special about that number
80700 is a key cost basis level This means its the average price at which a large number of new investors recently bought their Bitcoin If the price can break through and stay above 80700 it often signals strong confidence and can lead to further price increases If it fails that level acts as a ceiling
3 So is 80700 a guaranteed target Will Bitcoin definitely hit it
No nothing is guaranteed in crypto Its a major psychological and technical hurdle While the momentum is strong the price could stall drop back or take a long time to break through Its a key level to watch not a promise
4 Im new to Bitcoin Should I buy now at 78000
Thats a personal decision not financial advice Buying at an alltime high carries risk because the price could drop A common strategy is to DCA buying small amounts regularly over time rather than putting all your money in at once Never invest more than you can afford to lose
5 What does cost basis mean in simple terms
Think of it like this If you bought a stock at 50 your cost basis is 50 For Bitcoin the 80700 cost basis means that a big group of people bought their Bitcoin for roughly 80700 each If the price is below that they are underwater If it goes above they are in profit which usually makes them happy and less likely to sell
6 What happens if Bitcoin breaks above 80700
If it breaks and